Samhi Hotels Guarantees ₹70 Cr Loan for Subsidiary Duet India Hotels

Samhi Hotels Limited (SHL) announced it will provide a corporate guarantee of INR 70,00,00,000 (₹70 Crore) to ICICI Bank Limited. This guarantee is for a loan facility availed by its wholly-owned subsidiary, Duet India Hotels (Hyderabad) Private Limited. The transaction is conducted on an arm's length basis and complies with SEBI LODR Regulations. SHL holds 100% of Duet Hyderabad's share capital, and its promoters have no interest in this transaction. The company stated there is no material impact on SHL from this corporate guarantee.