Centrum Capital Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
CENTRUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Centrum Capital Limited has issued a Corporate Guarantee of Rs. 25 Crores in favor of Federal Bank for a term loan availed by its subsidiary, Centrum Housing Finance Limited. The term loan has a tenure of 60 months. The transaction is at arm's length, with no promoter or group company interest. The company has clarified that this guarantee is a contingent liability with no immediate impact on Centrum Capital.
This is a contingent liability for Centrum Capital, but since the guarantee supports its own subsidiary, it is part of normal intra-group support. Shareholders should note that if the subsidiary defaults, Centrum Capital will be liable to repay up to Rs. 25 Crores to Federal Bank.