Joint Venture2 Jan 2026, 05:34 pm
Jaykay Enterprises Issues Corporate Guarantee of Rs. 40 Crores for Joint Venture JK Phillips LLP
AI Summary
Jaykay Enterprises Limited has issued a Corporate Guarantee for an amount not exceeding Rs. 40,00,00,000/- (Rupees Forty Crores only) in favor of Axis Bank Limited. This guarantee is to secure the credit facilities availed by JK Phillips LLP, a 50:50 Joint Venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, a subsidiary of Phillips Corporation, USA. The Corporate Guarantee Agreement was executed on January 02, 2026.
Key Highlights
- Jaykay Enterprises Limited has issued a Corporate Guarantee for JK Phillips LLP, a 50:50 Joint Venture with Phillips Machine Tools India Private Limited.
- The guarantee is worth Rs. 40,00,00,000/- (Rupees Forty Crores only) and is in favor of Axis Bank Limited.
- The guarantee is to secure the credit facilities availed by JK Phillips LLP.
- The Corporate Guarantee Agreement was executed on January 02, 2026.
- JK Phillips LLP is a joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, a subsidiary of Phillips Corporation, USA.