Board Approves ₹5 Crore Corporate Guarantee for Subsidiary
V R Infraspace Limited · VR · NSE ·
• The Board of Directors has approved issuing a Corporate Guarantee of ₹5 Crore. • This guarantee is for its subsidiary, Daxon Realty Limited, to help it secure a Loan Against Property (LAP) from Indian Bank. • The action creates a contingent liability of ₹5 Crore for V R Infrasp…