Birla Cable Limited has informed the Exchange regarding 'Release of Corporate Guarantee of Rs. 600 Crores given by the Company ( Corporate Guarantor ) in favour of SBICAP Trustee Company Limited acting as Security Trustee for and on behalf of Consortium arrangement led by State Bank of India securing the credit facilities granted to Vindhya Telelinks Limited ( Borrower )'.
BIRLACABLE · price
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Birla Cable Limited has informed the exchanges that SBICAP Trustee Company Limited has released a corporate guarantee of Rs. 600 Crores that the company had given on behalf of Vindhya Telelinks Limited (the borrower). The guarantee was provided to a consortium of lenders led by State Bank of India to secure credit facilities availed by Vindhya Telelinks. The release was formally confirmed via a letter dated May 7, 2025. Vindhya Telelinks is part of the same M.P. Birla group, making this a related-party guarantee.
This is a positive development for Birla Cable shareholders as the Rs. 600 Crore contingent liability has been removed from the company's books, reducing its off-balance-sheet exposure and potential financial risk. It also suggests improved financial standing of the group entity that had borrowed the funds.