Clean Max Subsidiaries Get Corporate Guarantees for ₹486.27 Cr Facility
Clean Max Enviro Energy Solutions Ltd's Risk Management Committee has approved the issuance of corporate guarantees for facilities availed by its subsidiary companies. The total value of these guarantees amounts to ₹486.27 Crores, distributed among five subsidiaries: Clean Max Theia Private Limited (₹372.21 Cr), Clean Max Arctic Private Limited (₹8.20 Cr), Clean Max Fuji Private Limited (₹51.46 Cr), Clean Max Aero Private Limited (₹28.65 Cr), and Clean Max Godavari Private Limited (₹13.75 Cr). These guarantees are for term loan facilities and will be treated as contingent liabilities for the parent company. The transaction is conducted at arm's length, with no interest from promoters or group companies.
Key Highlights
- Corporate guarantees approved for five subsidiary companies.
- Total guarantee amount stands at ₹486.27 Crores.
- Guarantees are for term loan facilities availed by subsidiaries.
- Transaction is at arm's length, no promoter interest.
- Guarantees represent contingent liabilities for Clean Max.
Price Impact
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