Loan & Debt15 Sept 2026, 04:40 pm
Imagicaaworld Issues ₹85 Cr Corporate Guarantee for Subsidiary
AI Summary
Imagicaaworld Entertainment Ltd has issued a corporate guarantee of ₹85 crore in favor of IDBI Trusteeship Services Limited. This guarantee serves as security for a term loan facility availed by its wholly-owned subsidiary, Malpani Parks Indore Private Limited (MPIPL), from HDFC Bank Limited. The company stated that this guarantee has no impact on its financials other than the required disclosure. The transaction is structured to facilitate borrowings for MPIPL.
Key Highlights
- Imagicaaworld issued ₹85 Cr corporate guarantee for subsidiary MPIPL.
- Guarantee secures term loan facility from HDFC Bank.
- No financial impact on Imagicaaworld beyond disclosure.
- Transaction facilitates subsidiary's borrowing needs.
Price Impact
More from IMAGICAA