Announced Mon, 13 Jul · 16:17 IST
Corporate guarantee of up to Rs 50 Cr to JV company
Credit & Debt View source PDF
JAINREC · 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
+3.1%1-day move
₹338.35
prior close
₹337.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4+0.2+0.1-0.4+3.1+0.9-2.7-3.4-3.0-1.0————
Up moveDown movePending
AI summary
Jain Resource Recycling will give a corporate guarantee of up to Rs 50 crore to ICICI Bank on behalf of its joint venture, Jain CY Circular Solutions. The guarantee helps the JV secure working capital and short-term facilities. The promoters do not hold any stake in the JV, and there is no immediate cash outflow. The guarantee will be shown as a contingent liability.
Likely market impact
Guarantee is a contingent liability, not a cash outflow. If JV defaults, company is liable for up to Rs 50 Cr.