Announced Tue, 23 Jun · 22:45 IST
Clean Max approves corporate guarantees for 5 subsidiaries' loans
CLEANMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-8.9%1-day move
₹1492.20
prior close
₹1489.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-1.1-0.9-2.2-8.9-13.3-8.2-12.9-9.5-15.2-13.2-2.8——
Up moveDown movePending
AI summary
Risk Management Committee approved corporate guarantees for term loan facilities of 5 subsidiaries. Total guarantee is about 474.27 Crores. Largest is Clean Max Theia at 372.21 Crores, followed by Clean Max Fuji (51.46 Cr), Clean Max Aero (28.65 Cr), Clean Max Godavari (13.75 Cr), and Clean Max Arctic (8.20 Cr). Promoters have no interest, guarantees are at arm's length. No immediate impact on the company as these are contingent liabilities.
Likely market impact
Adds about 474 Crores in contingent liability for the parent. Supports subsidiary funding but increases parent exposure if subsidiaries default.