Announced Sat, 20 Jun · 14:58 IST
Puravankara gives Rs 25 Cr Corporate Guarantee to Wholly Owned Subsidiary
Credit & Debt View source PDF
PURVA · price
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Price reaction · full curve 14 horizons · vs prior close
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₹221.20
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₹220.36
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AI summary
Puravankara Ltd has provided an additional Corporate Guarantee of Rs 25 Crore to Starworth Infrastructure and Construction Limited, its wholly owned subsidiary, in favour of Axis Bank. The guarantee supports enhancement of credit facilities for purchase of construction equipment and materials. The company says there is no material impact as it is a contingent liability for a wholly owned subsidiary within the consolidated group. Promoters have no direct interest in the transaction.
Likely market impact
Minor contingent liability at parent level. No direct revenue impact but increases group-level debt exposure through subsidiary.