Hubtown Limited — Others, 27-08-2025: Giving guarantees/indemnity/ becoming a surety for third party
27-08-2025 | 12:32 am
27-08-2025 | 12:32 am
Hubtown Limited has provided a corporate guarantee of up to Rs. 96 Crore to MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED. This guarantee is to secure Non-Convertible Debentures issued by Twenty Five Estates Realty Private Limited, a wholly-owned subsidiary. For investors, this means Hubtown is directly backing its subsidiary's debt, which will be recorded as a contingent liability on its books. This strategic support enables the subsidiary to raise necessary capital for its operations.
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