Investment12 Mar 2026, 06:14 pm
Fratelli Vineyards Ltd. Issues Corporate Guarantee of Rs. 72.50 Crore to SVC Co-op. Bank Ltd.
AI Summary
Fratelli Vineyards Ltd. announced that its Board of Directors approved the issuance of a Corporate Guarantee of Rs. 72.50 crore in favor of SVC Co-op. Bank Ltd. The guarantee is provided for the renewal of borrowing facilities sanctioned to Fratelli Wines Private Limited, a wholly owned subsidiary. The guarantee is a contingent liability for the company, with no impact except for the guaranteed amount.
Key Highlights
- Fratelli Vineyards Ltd. to issue a Corporate Guarantee of Rs. 72.50 crore for SVC Co-op. Bank Ltd.
- The guarantee is provided for the renewal of borrowing facilities sanctioned to Fratelli Wines Private Limited.
- The guarantee is a contingent liability for Fratelli Vineyards Ltd.
- No impact on the company, except for the guaranteed amount.
- The decision was made at the Board Meeting held on March 12, 2026.
Price Impact
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