Loan & Debt10 Jun 2026, 08:31 pm
Samvardhana Motherson Issues ₹1600 Cr Guarantee for Subsidiary
AI Summary
Samvardhana Motherson International Ltd has issued a corporate guarantee for a credit facility of up to INR 16,000,000,000 (₹1600 Cr) availed by its subsidiary, Motherson Electronic Components Private Limited (MECPL). The guarantee is in favour of The Hongkong and Shanghai Banking Corporation Limited. The company holds a 90% stake in MECPL. Samvardhana Motherson International stated that this corporate guarantee will have no material impact on its financial or operational activities.
Key Highlights
- Corporate guarantee issued for subsidiary's credit facility.
- Facility amount is up to ₹1600 Cr from HSBC.
- Company holds 90% stake in the subsidiary MECPL.
- No material impact on Samvardhana Motherson's financials.
Price Impact
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