Announced Wed, 8 Jul · 18:37 IST
Corporate guarantee of Rs 12.51 cr for UK subsidiary
Credit & Debt View source PDF
SPAL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹1182.50
prior close
₹1178.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.7+1.1+1.2+1.4-1.8-5.2-5.6-8.8-10.9-9.1————
Up moveDown movePending
AI summary
S.P. Apparels gave a corporate guarantee of Rs 12.51 crores to HSBC UK Bank PLC, backing a term loan taken by its wholly owned UK subsidiary, SP Apparels (UK) P Limited. The guarantee will be reflected as a contingent liability in the parent's financial statements. Chairman and Managing Director P. Sundararajan also serves as a director in the UK subsidiary.
Likely market impact
No immediate cash impact; treated as contingent liability. Signals continued funding support to the UK subsidiary.