Loan & Debt12 Oct 2026, 12:52 pm
Ratnamani Metals Subsidiary Corporate Guarantee Released
AI Summary
Ratnamani Metals & Tubes Ltd has announced the release of a corporate guarantee previously issued by YES Bank Limited to its subsidiary, Ratnamani Finow Spooling Solutions Private Limited (RFSS). The guarantee, which was for credit facilities up to ₹50 Crores, has now been discharged by YES Bank. This development signifies the removal of a contingent liability for the parent company and a positive step for the subsidiary's financial standing.
Key Highlights
- Corporate guarantee for subsidiary RFSS has been released.
- Original guarantee was for credit facilities up to ₹50 Crores.
- YES Bank Limited has discharged the corporate guarantee.
- Removes contingent liability for Ratnamani Metals & Tubes Ltd.
Price Impact
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