Insolation Energy Limited at its board meeting held on February 7, 2023 approved to Borrow funds from the Energy Access Relief Fund B.V. managed by Social Investment Managers and Advisors, LLC up to USD 2.5 Million (amounting approx. INR 20.7 Crore) in two tranches to facilitate the manufacturing activity and modernization of its Company and its wholly owned subsidiary namely Insolation Green Energy Pvt. Ltd. The said borrowings will bear an annual interest of 5% USD and will mature on July 15, 2025.
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