Announced Thu, 2 Jul · 16:19 IST
Dreamfolks to guarantee INR 2.5 crore overdraft for Ten 11 Hospitality
Credit & Debt View source PDF
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
Board approved providing corporate guarantee and security to AU Small Finance Bank for an overdraft facility of INR 2.50 crore to be availed by Ten 11 Hospitality Private Limited. A fixed deposit of INR 1 crore will be placed as collateral for one year, auto-renewable. Ten 11 is not a related party and the deal is at arms length. No immediate cash outflow; this is a contingent liability only. Dreamfolks will charge a guarantee commission to Ten 11.
Likely market impact
Contingent liability of about INR 2.5 crore with INR 1 crore FD locked as collateral. No immediate cash impact but exposes Dreamfolks if Ten 11 defaults.