Announced Thu, 2 Jul · 16:22 IST
Dreamfolks to guarantee 2.5 crore overdraft for subsidiary Ten 11 Hospitality
DREAMFOLKS · 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
+2.6%1-day move
₹70.34
prior close
₹72.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—-1.4-1.4-2.8+2.6-2.3-5.2-3.7-1.0-2.5-4.7———
Up moveDown movePending
AI summary
Dreamfolks Services board approved a corporate guarantee of 2.50 crore in favor of AU Small Finance Bank to secure a Dropline Overdraft facility for its subsidiary Ten 11 Hospitality. The company will also place 1 crore as fixed deposit collateral for one year with auto-renewal. Dreamfolks will charge a guarantee commission, benchmarked yearly. The arrangement is a contingent liability with no immediate cash outflow expected.
Likely market impact
Exposes company to 2.50 crore contingent liability and locks 1 crore FD as collateral. Earns commission income but adds subsidiary debt risk.