Guarantee for US$ 78.43M loan to Oman subsidiary

New Credit FacilityCredit & Debt View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹1662.00

prior close

₹1647.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.3%-0.9% vs market

Specialty Chemicals peers, median of 92sector-0.0%-1.2% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 1.2 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.3

15m

+0.3

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.3-0.9-0.0-1.2

Next day

+1.2+1.0+0.2+1.4-0.2

-0.8+0.5-1.3+0.5-1.3

+0.8+1.9-1.1+0.9-0.1

-1.3+1.1-2.4-0.7-0.6

-0.2+1.5-1.8+0.2-0.4

+3.4+3.1+0.3+1.8+1.6

15d

+4.0+3.6+0.5+3.1+0.9

+4.7+4.1+0.6+2.2+2.5

-3.6+2.9-6.5+3.1-6.7

-13.4-6.1-7.2-6.2-7.1

UpDownMarket · Nifty Smallcap 250Sector · Specialty Chemicals peers, median of 92Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.