Loan & Debt23 Jul 2026, 04:14 pm
Deepak Nitrite Guarantees $78.43M Loan for Subsidiary DOIL
AI Summary
Deepak Nitrite Limited has executed a Deed of Guarantee for a Term Loan of US$ 78.43 Million to be obtained by its subsidiary, Deepak Oman Industries (SFZ) LLC (DOIL). The guarantee also covers interest and other charges. Deepak Nitrite holds a 51% equity stake in DOIL, with the remaining 49% held by promoters. The company will charge a guarantee commission from DOIL. This guarantee represents a contingent liability for Deepak Nitrite, equivalent to the loan amount plus associated charges.
Key Highlights
- Deepak Nitrite provides guarantee for subsidiary's $78.43M loan.
- Subsidiary DOIL is incorporated in the Sultanate of Oman.
- Deepak Nitrite holds 51% equity in DOIL; promoters hold 49%.
- Guarantee is on an arm's length basis with commission charged.
- Represents a contingent liability for Deepak Nitrite.
Price Impact
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