Hinduja Global Solutions Ltd updates on corporate guarantee to subsidiary

Hinduja Global Solutions Limited ('the Company') has earlier given a corporate guarantee of US$ 60.5 million to Standard Chartered Bank for the loan of US$ 55 million availed by HGS CX Technologies Inc., a wholly owned Subsidiary of the Company.

HGS CX Technologies Inc. has entered into 'Amendment and Restatement Agreement' to roll over the said loan of US$ 55 million. Accordingly, corporate guarantee of US$ 60.5 million given by the Company for the said loan also gets extended upto January 2030 to align with the revised terms of the loan.

The Company and its subsidiaries have adequate financial resources, hence, no adverse financial impact is foreseen /expected.

Shares of Hinduja Global Solutions Limited was last trading in BSE at Rs. 902.80 as compared to the previous close of Rs. 902.95. The total number of shares traded during the day was 3035 in over 457 trades.

The stock hit an intraday high of Rs. 915.90 and intraday low of 901.00. The net turnover during the day was Rs. 2754412.00.

Source : Equity Bulls

Keywords

HindujaGlobalSolutions INE170I01016 HGS CorporateGuarantee HGSCXTechnologiesInc