Announced Fri, 26 Jun · 22:35 IST
Corporate guarantee of INR 11.35 Crore issued for subsidiary Clean Max Nile
Credit & Debt View source PDF
CLEANMAX · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹1359.00
prior close
₹1362.90
base price
After-mkt
timing
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-0.9-2.5-4.9-5.2+0.8-4.3-0.7-7.6-6.8-7.3-1.1———
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AI summary
Clean Max Enviro Energy Solutions issued a corporate guarantee of INR 11.35 Crore in favour of lenders for Clean Max Nile Private Limited, a wholly owned subsidiary. The guarantee secures term loan facilities availed by the subsidiary. It is a contingent liability for the company, done at arm's length with no promoter group interest. No immediate impact on the listed entity as per the disclosure.
Likely market impact
Contingent liability for the company with no immediate impact. Provides credit support to subsidiary's borrowings.