Sayaji Industries Ltd provides corporate guarantee to Kotak Mahindra Bank Ltd

Sayaji Industries Limited ("Company") has on 9th January, 2024, provided a corporate guarantee to Kotak Mahindra Bank Limited, for securing the term/working loan facility availed by Sayaji Seeds LLP, a subsidiary of the Company. The Company has already granted Kotak Mahindra Bank Limited a corporate guarantee for the financial facility granted to Sayaji Seeds LLP, a subsidiary of the company, in the sum of Rs. 13,00,00,000/-. The new sanction has been granted to Sayaji Seeds LLP, increasing the term/working loan facility from Rs. 13,00,00,000/- to Rs. 17,00,00,000/- and new corporate guarantee is provided for such increase in the financial facility by Rs. 4,00,00,000/-.

Shares of Sayaji Industries Ltd was last trading in BSE at Rs. 183.00 as compared to the previous close of Rs. 184.00. The total number of shares traded during the day was 658 in over 19 trades.

The stock hit an intraday high of Rs. 185.00 and intraday low of 182.05. The net turnover during the day was Rs. 120252.00.

Source : Equity Bulls

Keywords

SayajiIndustries INE327G01032 CorporateGuarantee KotakMahindraBank SayajiSeedsLLP