Corporate guarantee of Rs.150 crore given for wholly owned subsidiary
JAINREC · price
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Jain Resource Recycling Ltd provided corporate guarantees totalling Rs.150 crore on Oct 16, 2026, on behalf of wholly owned subsidiary Jain Green Technologies Pvt Ltd. Rs.50 crore to Yes Bank and Rs.100 crore to RBL Bank to secure working capital and short-term credit facilities for the subsidiary. No immediate cash outflow; treated as contingent liability.
Contingent liability of Rs.150 crore; supports subsidiary funding needs but exposes parent to subsidiary debt obligations.