Business Update22 Mar 2024, 01:59 am
Samhi Hotels to Extend Corporate Guarantees Worth INR 8.01Bn for Subsidiaries
AI Summary
Samhi Hotels Ltd (SHL) will provide corporate guarantees to ICICI Bank, IndusInd Bank, Axis Bank, CitiBank, Citicorp Finance, Aditya Birla Finance, Federal Bank, HDFC Bank, and IDFC First Bank, totaling INR 8.01Bn for their lending to wholly owned subsidiaries Ascent Hotels. No impact on the Company.
Key Highlights
- Samhi Hotels Ltd to extend corporate guarantees worth INR 8.01Bn
- Guarantees for ICICI Bank, IndusInd Bank, and others
- Total lending to be secured: INR 8.01Bn
- No impact on Samhi Hotels Ltd