Loan & Debt28 Sept 2026, 07:20 pm
Antony Waste issues Corporate Guarantee for ₹34 Cr subsidiary loan
AI Summary
Antony Waste Handling Cell Ltd has issued a corporate guarantee in favor of ICICI Bank Limited for its subsidiary, Mumbai Eco Solutions Private Limited. The guarantee is for credit facilities availed by the subsidiary, amounting to 51% of the total principal sum of ₹34.00 Crore. This action secures the subsidiary's borrowing and represents a contingent liability for Antony Waste Handling Cell Ltd, impacting its financial position only if the subsidiary defaults on its obligations.
Key Highlights
- Antony Waste issued a corporate guarantee for its subsidiary, Mumbai Eco Solutions.
- The guarantee secures credit facilities up to ₹34 Crore for the subsidiary.
- Antony Waste's liability is capped at 51% of the outstanding amount.
- The guarantee is considered a contingent liability for the parent company.
- The transaction is conducted at arm's length with no promoter interest.
Price Impact
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