Antony Waste Subsidiary Gets ₹2.8 Cr Credit Facility Backed by Guarantee

Antony Waste Handling Cell Ltd has issued a corporate guarantee for its subsidiary, Mumbai Eco Solutions Private Limited, in favor of ICICI Bank Limited. This guarantee supports credit facilities availed by the subsidiary, amounting to 51% of the total principal sum of ₹2,82,83,388. The company stated that the promoter/promoter group/group companies have no interest in this transaction and it is conducted at arm's length. The guarantee constitutes a contingent liability for Antony Waste, with no immediate impact unless the subsidiary fails to meet its repayment obligations.