Loan & Debt26 May 2026, 09:21 pm
Subam Papers Guarantees ₹11.7 Cr Loan for Nellai Subam Packaging
AI Summary
Subam Papers Ltd. has issued a corporate guarantee of ₹11.70 Crore to HDFC Bank on behalf of M/s. Nellai Subam Packaging LLP, where Subam Papers is a designated partner with an 80% contribution and profit-sharing ratio. The guarantee covers credit facilities including a CC Limit of ₹4.00 Crore and a Term Loan of ₹7.70 Crore. The company states that the guarantee is at arm's length and constitutes a contingent liability.
Key Highlights
- Subam Papers provides ₹11.70 Crore corporate guarantee to HDFC Bank.
- Guarantee is for credit facilities to Nellai Subam Packaging LLP.
- Subam Papers is a designated partner in Nellai Subam Packaging LLP with 80% share.
- The corporate guarantee is at arm's length.
- Guarantee represents a contingent liability for Subam Papers.
Price Impact
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