Giving guarantees/indemnity/ becoming a surety for third party
Giving guarantees/indemnity/ becoming a surety for third party
Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Company (through State Bank of India) has provided Standby Letter of Credit ( SBLC ) of INR 3.75 crores (equivalent to NPR 6 crores) in respect of Term Loan in favour of Everest Bank Limited (Lead Bank of the Consortium of Nepalese Banks) on behalf of Kajaria Ramesh Tiles Limited, Nepal, a Joint Venture Company.
Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Company (through State Bank of India) has provided Standby Letter of Credit ( SBLC ) of INR 3.75 crores (equivalent to NPR 6 crores) in respect of Term Loan in favour of Everest Bank Limited (Lead Bank of the Consortium of Nepalese Banks) on behalf of Kajaria Ramesh Tiles Limited, Nepal, a Joint Venture Company.