Ircon International has furnished a Corporate Guarantee to Punjab National Bank for providing the term loan of RS.502.76 crore to Ircon Davenagere Haveri Highway (IrconDHHL), a Special
Purpose Vehicle (SPV) (a wholly owned-subsidiary) of IRCON.
Post disbursal of loan by Punjab National Bank to IrconDHHL, IrconDHHL will repay the existing loan of IRCON, thereby reducing the Financial Investments of IRCON.
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