Fusion CX Limited announced it has entered into a loan agreement with its wholly-owned subsidiaries, Fusion BPO Services Ltd. (UK) and Fusion BPO Services Limited (Canada). The loan facility amounts to USD 4,500,000. The purpose is for the UK subsidiary to lend funds to the Canada subsidiary for loan repayment. Both subsidiaries are 100% owned, and the transaction is at arm’s length.
Loan Agreement with Subsidiaries
Fusion CX Limited has announced the execution of a loan agreement with two of its wholly-owned subsidiaries: Fusion BPO Services Ltd., based in the UK, and Fusion BPO Services Limited, based in Canada. This strategic move aims to provide financial support for the subsidiaries’ operations and debt management.
Key Loan Details
The loan facility granted by Fusion CX Limited amounts to USD 4,500,000 (Four Million Five Hundred Thousand US Dollars). The primary purpose of this loan is for the UK-based subsidiary to on-lend the funds to its Canadian counterpart, facilitating the repayment of an existing loan obligation.
Key terms of the agreement include:
- Interest Rate: 8.5% p.a.
- Loan Tenure: 5 years from the date of disbursal.
- Nature of Loan: Unsecured loan.
- Security Provided: None, as the loan is unsecured.
The loan agreement was executed on November 05, 2026. The company has confirmed that the loan amount outstanding as of the disclosure date is Nil.
Related Party Status and Arm’s Length Transaction
Both Fusion BPO Services Ltd. (UK) and Fusion BPO Services Limited (Canada) are wholly-owned subsidiaries of Fusion CX Limited. Furthermore, common directors hold positions in the parent company and its subsidiaries. Despite these related party connections, the company explicitly states that the transaction has been conducted on an arm’s length basis, ensuring fairness and market-standard terms.
Source: BSE
