Loan & Debt17 Jun 2026, 07:01 pm
Abans Financial Services Guarantees ₹75 Cr for Subsidiary
AI Summary
Abans Financial Services Ltd announced that its Executive Committee has approved a corporate guarantee of up to ₹75 crore for its material step-down subsidiary, Abans Broking Services Private Limited. This guarantee is in favor of ICICI Bank Limited and will support the subsidiary's working capital facilities. The company stated that the transaction is at arm's length and the guarantee will be recorded as a contingent liability.
Key Highlights
- Corporate guarantee of up to ₹75 crore approved for subsidiary.
- Guarantee is in favor of ICICI Bank Limited.
- Supports working capital facilities for Abans Broking Services.
- Transaction is at arm's length.
- Will be recorded as a contingent liability.
Price Impact
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