ACS Technologies Ltd. Secures Enhanced Credit Facility from HDFC Bank
ACS Technologies Ltd. announced that its Board of Directors has approved an enhancement of credit facilities from HDFC Bank Limited. The approved enhancement amounts to Rs. 13,00,00,000, increasing the total credit facilities to Rs. 44,50,00,000.This approval follows the deactivation of an adhoc cash credit of Rs. 3,00,000 and a term loan of Rs. 5,00,000. The company previously held a credit facility of Rs. 39,50,00,000 with HDFC Bank Limited.
The Board meeting commenced at 5:45 PM and concluded at 6:15 PM.
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