Loan & Debt16 Jun 2026, 05:20 pm
RDB Infrastructure Approves ₹17.75 Cr Guarantee & Land Acquisition
AI Summary
RDB Infrastructure and Power Ltd's Board of Directors approved the issuance of a Corporate Guarantee of ₹17.75 Crore to RDB Real Estate Constructions Limited for a loan from Axis Bank. Additionally, the company approved the acquisition of 1.56 acres of land in Jharsuguda, Odisha. The guarantee constitutes a contingent liability for RDB Infrastructure, and the transaction with the group company was conducted on an arm's length basis.
Key Highlights
- Board approved ₹17.75 Cr corporate guarantee for RDB Real Estate.
- Loan facility secured from Axis Bank.
- Acquisition of 1.56 acres of land in Jharsuguda, Odisha.
- Guarantee represents a contingent liability for the company.
- Transaction with group company deemed arm's length.
Price Impact
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