Release of 50 Crore corporate guarantee for subsidiary RFSS by YES Bank

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RATNAMANI · price

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹2518.00

prior close

₹2537.50

announcement price

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timing

Nifty Microcap 250market+0.8%+0.1% vs market

Iron & Steel Products peers, median of 103sector+0.0%+0.9% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.9 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ratnamani Metals and Tubes informed that YES Bank has released a corporate guarantee of Rs 50 Crore that it had issued for credit facilities granted to its subsidiary Ratnamani Finow Spooling Solutions Private Limited. The guarantee, originally disclosed in August 2024, has now been fully discharged by the bank. This reduces the parent company's contingent liability linked to the subsidiary's borrowings.

Likely market impact

Removes Rs 50 Crore contingent liability for the parent company and lowers off-balance-sheet risk for shareholders.