Deals15 Feb 2024, 12:16 am
GMR Power and Urban Infra Limited Extends Corporate Guarantee for Rs. 700 Crore
AI Summary
GMR Power and Urban Infra Limited has extended a corporate guarantee for Rs. 700 crore to secure the obligations of its wholly owned subsidiary, GMR Highways Limited, for the repayment of external debts. The guarantee has been extended in favor of Vistra ITCL (India) Ltd. and is in compliance with the Listing Regulations.,
Key Highlights
- GMR Power and Urban Infra Limited extends corporate guarantee for Rs. 700 crore
- GMR Highways Limited to repay external debts with the guarantee
- Vistra ITCL (India) Ltd. is the beneficiary of the guarantee