HFCL Ltd - Issuance Of Corporate Guarantee On Behalf Of HTL Limited, A Subsidiary Of The Company ('HTL').
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| 20 Jun 2024 | |
| We would like to inform all our stakeholders that the Company has given a Corporate Guarantee in favour of Axis Finance Limited, to secure the rupee term loan facility availed/to be availed by HTL, to the extent of Rs.60 Crores. The Company holds 74% of the paid-up share capital of HTL, while the remaining 26% is owned by the Government of India. HTL is engaged in the manufacturing of Optical Fiber Cables ('OFC') and providing passive connectivity solutions. HTL also manufactures key raw material for OFC such as Aramid Rods, Fiber Reinforced Plastic Rods and Impregnated Glass Fiber Reinforcement and also provides electrical wiring interconnect solutions for Aerospace & Defence and Automotive & Industrial sectors. The details as required under SEBI Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are as per attached letter. | |
| View all announcements for HFCL Ltd | Source: BSE India |
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