Board of GOCL Corporation approves issue of collateral guarantee upto Rs 1000 cr

Image
Capital Market
Last Updated : Mar 26 2020 | 6:50 PM IST

On 25 March 2020

The Board of GOCL Corporation at its meeting held on 25 March 2020 through videoconference, approved issue of collateral guarantee/ security up to an amount of Rs.1000 crore for the loans sanctioned / to be sanctioned to Hinduja National Power Corporation (HNPCL) by a Bank. HNPCL is not a related party to the Company.

The collateral guarantee / security to be extended by the Company, would be counter guaranteed by Hinduja Energy (India), the parent entity of HNPCL.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Mar 26 2020 | 6:21 PM IST

Next Story