Loan & Debt19 May 2026, 07:02 pm
HFCL Extends ₹265 Cr Guarantee for HTL, Replacing ₹295 Cr One
AI Summary
HFCL Ltd. has extended a Corporate Guarantee of ₹265 Crores in favor of SBICAP Trustee Company Limited for the benefit of the Working Capital Lenders of HTL Limited, a subsidiary of HFCL. This replaces an earlier guarantee of ₹295 Crores. The guarantee secures fund-based and non-fund-based facilities availed by HTL. HFCL holds 74% of HTL's paid-up share capital, with the remaining 26% held by the Government of India. The corporate guarantee is provided on an arm's length basis and will be disclosed as contingent liabilities in HFCL's financial statements.
Key Highlights
- HFCL extends a ₹265 Cr Corporate Guarantee for HTL, its subsidiary.
- The new guarantee replaces a previous ₹295 Cr guarantee.
- The guarantee is for fund-based and non-fund-based facilities of HTL.
- HFCL holds 74% stake in HTL, a manufacturer of optical fiber cables.
- The guarantee will be disclosed as contingent liabilities in HFCL's financials.