Jindal Worldwide Grants ₹15 Cr Corporate Guarantee for Subsidiary

Jindal Worldwide Ltd announced that its Operational Committee approved and executed a Corporate Guarantee of ₹15.00 Crore. This guarantee is in favor of M/s. JIO Credit Limited for credit facilities extended to its subsidiary, M/s. Jindal Mobilitric Private Limited. The transaction is conducted at arm's length. The guarantee will be treated as a contingent liability in Jindal Worldwide's books.