Business Update16 Jun 2026, 05:41 pm
RDB Infrastructure Approves Guarantee & Land Acquisition
AI Summary
RDB Infrastructure and Power Ltd's Board of Directors has approved the issuance of a Corporate Guarantee of Rs. 17.75 Crore in favor of RDB Real Estate Constructions Limited to secure a loan from Axis Bank. Additionally, the company will acquire 1.56 acres of land in Jharsuguda, Odisha. The guarantee represents a contingent liability for RDB Infrastructure, and the transaction involves group companies with common promoters and directors, conducted on an arm's length basis.
Key Highlights
- Board approved Rs. 17.75 Cr corporate guarantee for group company.
- Acquisition of 1.56 acres of land in Jharsuguda, Odisha approved.
- Guarantee constitutes a contingent liability for the company.
- Transaction is on an arm's length basis with group entities.
Price Impact
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