Announced Thu, 18 Jun · 18:04 IST
Corporate Guarantee extended in favour of Kotak
MMWL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹13.50
prior close
₹13.45
base price
After-mkt
timing
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-1.5-1.5-1.5-3.3+0.0+0.0-0.1+0.7-2.4-2.7-1.9+4.1——
Up moveDown movePending
AI summary
Media Matrix Worldwide Ltd has extended a Corporate Guarantee in favour of Kotak, following up on its earlier announcement dated August 29, 2024. A corporate guarantee means the company stands behind a loan or credit facility, likely taken by itself or a subsidiary. Exact loan amount, tenure and purpose were not disclosed in this filing.
Likely market impact
Raises contingent liability for the company. Watch for detailed loan terms and borrower identity in the next disclosure.