Loan & Debt10 Sept 2026, 10:59 am
Puravankara Guarantees ₹80 Cr NCD Issuance for Subsidiary
AI Summary
Puravankara Ltd has provided a Corporate Guarantee of ₹80 crore on behalf of its wholly-owned subsidiary, Purva Blue Agate Private Limited. This guarantee supports the issuance of Non-Convertible Debentures (NCDs) by the subsidiary in favor of Catalyst Trusteeship Limited. The NCDs are senior, secured, unrated, and unlisted. Puravankara has stated that this guarantee represents a contingent liability with no immediate impact on the company, as the subsidiary is part of the consolidated group.
Key Highlights
- Puravankara provided ₹80 Cr corporate guarantee for subsidiary.
- Guarantee supports subsidiary's Non-Convertible Debenture issuance.
- Subsidiary Purva Blue Agate Private Limited is the beneficiary.
- No immediate impact on Puravankara's financials.
- Contingent liability for the company.
Price Impact
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