Arisinfra board approves 100 Cr guarantee for subsidiary NCD issue
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Arisinfra Solutions board approved a corporate guarantee up to 100 Crores for its material subsidiary Buildmex-Infra Private Limited NCD issuance to Stride Ventures Debt Fund 4. Subsidiary Arisunitern Re Solutions will also give an 80 Crore guarantee for the same. The NCDs are unrated, unlisted, secured and redeemable. Guarantees on arms length basis with no promoter interest. Treated as a contingent liability.
Parent takes 100 Cr contingent liability plus 80 Cr via subsidiary; group debt rises through subsidiary, limited standalone impact.