Announced Tue, 23 Jun · 19:22 IST
Antony Waste Handling Cell issues Rs 50 Cr corporate guarantee for subsidiary
AWHCL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹479.10
prior close
₹481.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-1.4-1.2-1.6-1.8-1.9-2.0-0.9-0.6-4.2-5.7-8.9——
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AI summary
Antony Waste Handling Cell has issued a corporate guarantee of Rs 50 crore in favour of Oxyzo Financial Services Limited on behalf of its material subsidiary, Antony Lara Enviro Solutions Private Limited. The guarantee covers credit facilities being availed by the subsidiary. The company states this is a contingent liability with no immediate impact, except if the subsidiary fails to repay the lender.
Likely market impact
Contingent liability of Rs 50 crore. If subsidiary defaults on repayment, the parent company becomes liable for the full amount.