Business Update16 Jan 2024, 02:52 am
Route Mobile Limited Approves Corporate Guarantee for USD 31.50 Million Term Loan Facility
AI Summary
The Board of Directors of Route Mobile Limited has approved a Corporate Guarantee in favor of ICICI Bank Limited and ICICI Bank (UK) PLC for a term loan facility of USD 31.50 million for its wholly owned subsidiary, Route Mobile (UK) Limited. The guarantee has been approved subject to certain conditions and will have an impact on the company's listed entity liability.,
Key Highlights
- Corporate Guarantee for USD 31.50 million term loan facility
- Approved by the Board of Directors
- Wholly owned subsidiary Route Mobile (UK) Limited
- ICICI Bank Limited and ICICI Bank (UK) PLC as lenders