Published On:March 2 2024
Story Viewed 278 Times

JK Lakshmi Cement Ltd Provides Corporate Guarantees to Udaipur Cement Works Ltd's Lenders

On March 1st, 2024, JK Lakshmi Cement Limited took a significant step by executing Corporate Guarantees amounting to ₹350 Crore in favor of the Term Lenders who have provided Term Loans to Udaipur Cement Works Limited (UCWL), a subsidiary company of JK Lakshmi Cement Limited.

Concurrently, UCWL successfully redeemed its outstanding Non-convertible Debentures (NCDs) worth ₹350 Crore on the same day. As a result, the Corporate Guarantee previously provided by JK Lakshmi Cement Limited to the Debenture Trustee against these NCDs has been released accordingly.

This development signifies that no additional Corporate Guarantee has been extended by JK Lakshmi Cement Limited on behalf of UCWL. The total aggregate amount of Corporate Guarantees, which stands at ₹1,640 Crore, remains unchanged, as previously provided by the Company on behalf of UCWL.

EQUITYBULLS





OUR OTHER PRODUCTS & SERVICES: Projects Database | Tenders Database | About Us | Contact Us | Terms of Use | Advertise with Us | Privacy Policy | Disclaimer | Feedback

This site is best viewed with a resolution of 1024x768 (or higher) and supports Microsoft Internet Explorer 4.0 (or higher)
Copyright © 2016-2024

Technology Partner - Pairscript Software