Axis Bank has provided Rs.280 crore Loan to Algoquant Fintech

Axis Bank – one of the leading private sector banks in India, has sanctioned credit facility of Rs.280 crore to Algoquant Fintech.

To expand the business operations of the Company, the Company has approached Axis Bank for obtaining various credit facilities like Bank Guarantee and other facilities. After due deliberation, Axis Bank has sanctioned a credit facility of Rs. 280 crores to the Company subject to such terms and conditions as mentioned in the sanction letter.

Algoquant Fintech Limited ( Formerly Hindustan Everest Tools Limited ) is a technology driven trading irm . It deals in Low risk arbitrage and high frequency trading in the Indian Capital Markets.