Corporate guarantee for subsidiary credit facility from HDFC Bank

New Credit FacilityCredit & Debt View source PDF

MOTHERSON · price

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Price reaction · full curve 14 horizons · vs prior close

+2.2%1-day move

₹146.10

prior close

₹144.20

base price

After-mkt

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AI summary

Samvardhana Motherson issued a corporate guarantee of up to INR 240 crore (2.4 billion) to HDFC Bank for a credit facility availed by its indirect wholly owned subsidiary Motherson Electro Components Limited. MECL makes PCB assemblies, body control modules, and other automotive components. Management says no material impact on financials or operations.

Likely market impact

Minor effect - corporate guarantee covers subsidiary's INR 240 crore loan; no material impact on motherson's financials per company