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Uniparts India's board has approved the issuance of a Letter of Comfort to support its wholly-owned subsidiary, Gripwel Fasteners Private Limited. This action enables the subsidiary to secure credit facilities amounting to **Rs 10 crore** from ICICI Bank. The company emphasizes that this initiative is a normal part of its business operations and is not anticipated to create any material financial impact or new obligation for Uniparts India. This move is designed to bolster the subsidiary's financial capabilities for its ongoing business activities.