Announced Thu, 25 Jun · 16:57 IST
Guarantees totalling about Rs 84 Crore given for overseas subsidiaries
NEPHROPLUS · 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
+2.2%1-day move
₹665.00
prior close
₹670.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-1.6-2.1-0.3+2.2+1.5+1.1+0.3+1.3-3.1-5.2———
Up moveDown movePending
AI summary
Nephrocare Health Services has executed two guarantees on behalf of its overseas wholly-owned subsidiaries. A USD 5.5 million (about Rs 52.46 Crore) corporate guarantee was issued to Citibank for its Philippines unit NHCSPI. Separately, USD 3.32 million (about Rs 31.26 Crore) collateral support was given to HSBC for its Singapore unit NHSI. Both deals were pre-approved by the Board. Total contingent exposure is about Rs 83.72 Crore, with no immediate impact on operations or cash flows expected.
Likely market impact
Creates about Rs 84 Crore contingent liability to back overseas subsidiaries' borrowings. No cash outflow expected now.