Deals26 Feb 2025, 12:12 am
Trident Lifeline Extends Corporate Guarantee of INR 16.53 Cr to Yes Bank on Behalf of Subsidiary
AI Summary
Trident Lifeline Limited has provided a corporate guarantee in favor of Yes Bank on behalf of its subsidiary, Trident Mediquip Limited, for an amount not exceeding INR 16.53 Cr. This guarantee is in compliance with the Listing Regulations and is an arm's length transaction. The repayment period is 72 months with a 9.05% rate of interest. This guarantee will be a contingent liability in the books of Trident Lifeline Limited.
Key Highlights
- Trident Lifeline Limited extends corporate guarantee to Yes Bank
- Guarantee amount is INR 16.53 Cr
- Guarantee is in favor of subsidiary company, Trident Mediquip Limited
- Repayment period is 72 months with a 9.05% rate of interest
- Guarantee will be a contingent liability in Trident Lifeline's books