
Loan & Debt14 Oct 2026, 10:40 pm
Max India Ltd Issues Letter of Comfort for ₹40 Cr Subsidiary Facility
AI Summary
Max India Limited has executed a Letter of Comfort in favor of Aditya Birla Capital Limited for a credit facility of ₹40 Crores. This facility is being availed by Antara Senior Living Limited, a wholly owned subsidiary of Max India. The company had previously intimated the Board of Directors' approval for this arrangement on May 28, 2026. This disclosure serves as an update regarding the lender and the execution of the Letter of Comfort within the board-approved limits. The disclosure will be hosted on the company's website.
Key Highlights
- Max India provides Letter of Comfort for subsidiary's credit facility.
- Facility amount is ₹40 Crores for Antara Senior Living Limited.
- Update follows earlier Board approval dated May 28, 2026.
- Letter of Comfort issued in favor of Aditya Birla Capital Limited.
Price Impact
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