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Simplifies Business Loan Access for MSMEs - IRIS Regtech Solutions Ltd

Code BSE: 540735 NSE:

IRIS Peridot Simplifies Business Loan Access for MSMEs IRIS RegTech Solutions Limited announce that it is commencing a pilot for enabling business loans on its MSME-facing platform, IRIS Peridot. Under this pilot, eligible Micro, Small and Medium Enterprises (MSMEs) will be able to initiate loan applications through IRIS Peridot. The loan process will be undertaken by IRIS’s lending partners. While IRIS will function as a digital facilitator, MSMEs will be able to apply to multiple lenders and complete their loan journeys directly with the respective lenders. We are currently working with two lending partners. Going forward, more lending partners are expected to be onboarded on our platform. IRIS has signed Memoranda of Understanding (MoUs) with multiple State Governments to support MSMEs with digital tools and data-driven services. The proposed lending pilot is one of the activities being undertaken as part of these State-level engagements to strengthen access to finance for MSMEs.

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Indian Stock Market Mixed on February 14, 2025: Some Stocks Soar While Others Plummet

Indian stock market indices were down on February 14, 2025, with the Nifty 50 and Sensex both registering losses. At approximately 10:59 AM IST, the Nifty 50 was down by 107.2 points (-0.47%), while the Sensex was down by 331.91 points (-0.44%). The Bank Nifty also experienced a decline of 278.05 points (-0.56%) around 10:44 AM IST.   Despite the overall negative market sentiment, some stocks managed to reach new 52-week highs. Notably, shares of Norben Tea & Exports, Aarvee Denims & Exports, and

Cards & Payment Services all hit this milestone.   Conversely, several other stocks reached new 52-week lows, indicating significant downward pressure. These included Varun Beverages, Iris Clothings, Life Insurance Corporation of India, BANK, and Hero Motocorp.   This mixed performance highlights the volatility in the current market and the varying fortunes of individual companies. Investors are likely to remain cautious and closely monitor market trends for further cues.

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