Announced Tue, 30 Jun · 14:35 IST
Corporate guarantee of about Rs 2 crore for associate firm loan
Credit & Debt View source PDF
Price
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₹299.00
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AI summary
Agribio Spirits is issuing a corporate guarantee of Rs 1.99 crore to Bank of Maharashtra to secure a loan facility being availed by Agribiotech Industries Limited, the company's associate. The guarantee is provided at arm's length and creates a contingent liability for Agribio Spirits. Promoters and group companies have no interest in this transaction.
Likely market impact
Contingent liability of Rs 1.99 crore for associate's loan; no immediate impact but exposes company if associate defaults.