Swan Corp issues ₹1,150 crore guarantee for defence subsidiary
pre-market1 source ↓written by the desknot a recommendation
Swan Corp Limited has approved a corporate guarantee of ₹1,150 crores for its step-down subsidiary, Swan Defence and Heavy Industries Limited. This guarantee, sanctioned by the National Bank for Financing Infrastructure and Development (NaBFID), aims to secure a Rupee Term Loan to support operations in the defence sector.
This move may enhance financing capabilities and bolster investor confidence in the defence segment, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.