Deals8 Apr 2025, 10:30 pm
Hazoor Multi Projects Ltd. Provides Security of INR 75 Crores for Associate Company
AI Summary
Hazoor Multi Projects Ltd. has provided a Corporate Guarantee including Security for an amount not exceeding INR 75.00 Crores as Security for term loan facilities availed by M/s. Rappture Projects Private Limited, an Associate Company. The guarantee has been provided on an arm's length basis and there is no impact of this Guarantee/Security on the Company at this point.
Key Highlights
- Hazoor Multi Projects Ltd. provides Corporate Guarantee for INR 75 Crores
- Guarantee provided for term loan facilities of Rappture Projects Private Limited
- Guarantee provided on an arm's length basis
- No impact of Guarantee on Hazoor Multi Projects Ltd. at this point
- Guarantee provided for an Associate Company