Subsidiary31 Jul 2026, 07:11 pm
Puravankara Ltd Guarantees ₹211.56 Cr for Subsidiary's NCDs
AI Summary
Puravankara Ltd has provided a corporate guarantee of ₹211,56,08,377 for its wholly-owned subsidiary, Purva Oak Private Limited. This guarantee supports the issuance of Non-Convertible Debentures (NCDs) amounting to ₹145,00,00,000 in favor of Catalyst Trusteeship Limited. The company states that this guarantee represents a contingent liability and currently has no impact on Puravankara Ltd, as the subsidiary is part of the consolidated group. The transaction is disclosed as per SEBI Listing Regulations.
Key Highlights
- Puravankara Ltd provides ₹211.56 Cr corporate guarantee for subsidiary.
- Guarantee supports ₹145 Cr Non-Convertible Debentures issuance.
- Subsidiary Purva Oak Private Limited is the beneficiary.
- Currently a contingent liability with no direct impact on parent.
- Disclosure made as per SEBI Listing Obligations and Disclosure Requirements.
Price Impact
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