Announced Thu, 23 Jul · 16:13 IST
Guarantee for US$ 78.43M loan to Oman subsidiary
DEEPAKNTR · 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
+1.2%1-day move
₹1662.00
prior close
₹1647.00
base price
After-mkt
timing
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+0.7+0.3+0.3+0.0+1.2—————————
Up moveDown movePending
AI summary
Deepak Nitrite has executed a Deed of Guarantee in favour of Bank Muscat SAOG to secure a US$ 78.43 million term loan for its subsidiary Deepak Oman Industries (SFZ) LLC in Oman, along with interest and other charges. The company holds 51% in DOIL with promoters holding the remaining 49%. The transaction is at arm's length and the company will charge a guarantee commission from DOIL.
Likely market impact
Creates a contingent liability of around US$ 78.43 million for the parent company. Arm's length deal with commission charged, but increases exposure.