Jaykay Enterprises Issues ₹40 Crore Corporate Guarantee for JK Phillips LLP
Jaykay Enterprises Limited has announced the issuance of a Corporate Guarantee amounting to ₹40,00,00,000 (Rupees Forty Crores only). This guarantee is extended in favor of Axis Bank Limited to secur...
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Why is Jaykay Enterprises Limited in the news today?
Jaykay Enterprises Limited (JAYKAY) is in the news due to the company has issued a corporate guarantee, which is a standard financial instrument for supporting a joint venture. while it represents a contingent liability, there's no immediate positive or negative financial impact disclosed, making the sentiment neutral.
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Jaykay Enterprises Issues ₹40 Crore Corporate Guarantee for JK Phillips LLP
January 2, 2026, 11:50 AM
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More Details on This News
Jaykay Enterprises Limited has announced the issuance of a Corporate Guarantee amounting to ₹40,00,00,000 (Rupees Forty Crores only).
This guarantee is extended in favor of Axis Bank Limited to secure credit facilities availed by JK Phillips LLP. JK Phillips LLP is a 50% joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, which is a subsidiary of Phillips Corporation, USA.
The Corporate Guarantee Agreement was executed on January 02, 2026. The promoter, promoter group, and group companies of Jaykay Enterprises Limited have no interest in this transaction, and the guarantee has been issued on an arm's length basis.
The issuance of this Corporate Guarantee will be treated as a contingent liability for Jaykay Enterprises Limited.
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