Greaves Cotton Issues ₹100 Crore Corporate Guarantee for Subsidiary's Loan
Greaves Cotton Limited has issued a corporate guarantee to IDFC FIRST Bank Limited for a maximum amount of ₹100 crores. This guarantee serves as security for the working capital and term loan facility...
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Why is Greaves Cotton Limited in the news today?
Greaves Cotton Limited (GREAVESCOT) is in the news due to the issuance of a corporate guarantee is a standard financial transaction to support a subsidiary's borrowing. while it secures a loan for the subsidiary, it also introduces a contingent liability for the parent company. the impact is neutral as it doesn't immediately affect the company's financials unless the subsidiary defaults.
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Greaves Cotton Issues ₹100 Crore Corporate Guarantee for Subsidiary's Loan
December 31, 2025, 11:18 AM
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More Details on This News
Greaves Cotton Limited has issued a corporate guarantee to IDFC FIRST Bank Limited for a maximum amount of ₹100 crores. This guarantee serves as security for the working capital and term loan facility availed by its material subsidiary, Greaves Electric Mobility Limited (GEML), from the Lender.
The transaction was conducted on an arm's length basis, with no interest from the promoter, promoter group, or group companies.
The corporate guarantee represents a contingent liability for Greaves Cotton Limited. The impact on the listed entity is not immediate, except in the event that GEML is unable to meet its repayment obligations to IDFC FIRST Bank Limited.
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