Antony Waste issues ₹9.88 Cr Corporate Guarantee for Subsidiary

Antony Waste Handling Cell Ltd has issued a corporate guarantee of ₹9,88,20,000 (Rupees Nine Crore Eighty-Eight Lakh and Twenty Thousand only) in favour of Bajaj Finance Limited on behalf of its subsidiary, Mumbai Eco Solutions Private Limited. The guarantee pertains to various credit facilities availed by the subsidiary. The company stated that the promoter/promoter group/group companies are not interested in this transaction and the corporate guarantee issued is at arm’s length. The guarantee constitutes a contingent liability for the company in the event Mumbai Eco is unable to meet its repayment obligations.