Loan Facility & Guarantee8 April 2026 at 01:01 pm
Belrise Industries Issues Corporate Guarantee of GBP 1,38,60,000 to ICICI Bank UK PLC for Subsidiary's Term Loan
AI Summary
Belrise Industries Limited has issued a corporate guarantee of GBP 1,38,60,000 to ICICI Bank UK PLC in favor of its step-down wholly owned subsidiary, Belrise UK Holdings Limited. The guarantee is provided as security for a term loan facility sanctioned to the subsidiary. This represents a contingent liability for the company, with no immediate impact on its financials.
Key Highlights
- Belrise Industries has issued a corporate guarantee of GBP 1,38,60,000 for a term loan facility sanctioned to its step-down subsidiary, Belrise UK Holdings Limited.
- The guarantee is provided to ICICI Bank UK PLC as security for the loan facility.
- This corporate guarantee represents a contingent liability for Belrise Industries.
- There is no immediate impact on the financials of Belrise Industries due to this guarantee.
- The guarantee is a part of the company's financial support to its subsidiary.