Investment3 Jan 2024, 01:04 am
Exide Industries Limited Increases Corporate Guarantee Limit to Rs. 3000 crore
AI Summary
Exide Industries Limited has increased the corporate guarantee limit from Rs. 2000 crore to Rs. 3000 crore in favor of various banks against the respective credit facilities sanctioned to its wholly owned subsidiary, Exide Energy Solutions Limited.,
Key Highlights
- Increase in Corporate Guarantee limit from Rs 2000 cr. to Rs 3000 cr.
- Extension of Corporate Guarantee to ICICI Bank Limited
- Detailed disclosure required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015