Announced Thu, 25 Jun · 18:58 IST
Sayaji Hotels gives Rs 50 cr corporate guarantee for group company VICON Imperial
Credit & Debt View source PDF
SAYAJIHOTL · 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
+5.5%1-day move
₹308.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.5-1.9+2.9+1.6-0.8+0.3————
Up moveDown movePending
AI summary
Sayaji Hotels board approved a corporate guarantee of Rs 50 crore in favour of Axis Bank for a term loan to be availed by VICON Imperial (I) Private Limited, a group company where Sayaji Hotels promoters hold 51 percent. The guarantee creates a contingent liability for Sayaji Hotels to the extent of the loan drawn. The transaction is stated to be at arms length, and further loan details are awaited from the bank.
Likely market impact
Creates a contingent liability of up to Rs 50 crore for shareholders. Group company exposure worth monitoring closely.