Hubtown Limited Issues ₹300 Crore Corporate Guarantee for Subsidiary's NCDs
Hubtown Limited has issued a corporate guarantee to Catalyst Trusteeship Limited, securing a proposed Non-Convertible Debenture (NCD) issue of up to ₹300 Crores by its subsidiary, Joynest Premises Pri...
Limitations of AI summaries
AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.
Platforms like Prysm provide stock-level and portfolio-level analysis.
Why is Hubtown Limited in the news today?
Hubtown Limited (HUBTOWN) is in the news due to the announcement is a disclosure of a corporate guarantee for a subsidiary's debt issuance. while it aims to facilitate project development, it also introduces a contingent liability for the parent company.
AI-Powered Summary
Market Context
Top Queries
More News
Explore Prysm Tools
Related Stories
Hubtown Limited Issues ₹300 Crore Corporate Guarantee for Subsidiary's NCDs
December 31, 2025, 01:47 PM
Top Queries to Ask About Hubtown Limited
More Details on This News
Hubtown Limited has issued a corporate guarantee to Catalyst Trusteeship Limited, securing a proposed Non-Convertible Debenture (NCD) issue of up to ₹300 Crores by its subsidiary, Joynest Premises Private Limited. This funding is intended to bolster the execution capabilities for the "Hubtown Seasons" project, a landmark development in Chembur, Mumbai, jointly developed by Hubtown and Joynest.
The NCD proceeds will be fully utilized for the development and completion of the project, including construction costs for sale and public works buildings, and approval costs. The company anticipates that this infusion of funds will enable the completion of the second phase of the "Hubtown Seasons" project.
The corporate guarantee has been issued at arm's length, with the promoter/promoter group/group companies having an interest in the transaction. The guarantee will be disclosed as a contingent liability in Hubtown Limited's books, to the extent of the NCDs subscribed by the debenture holders. The debenture holders are funds managed by Neo Asset Management Private Limited and its co-investors.
See What Deep Dive Gives You — in Seconds
“what happens when you click
Deep Dive “
“what happens when you click Deep Dive “
Instant AI Summary - “Get clean, noise-free earnings breakdowns.”
PDF Insights - “Download detailed, AI-generated reports.”
Metrics Explained -“Key ratios & trends explained in simple language.”
Want to know if this news pushes your stock up or down?
Just tap
