22 Sep 2022 , 01:32 AM
The Board of Mastek at its meeting held on 19 September 2022 has approved availing of the Standby Letter of Credit SBLC facility of USD 32 million in lieu of the Cancellation of Corporate Guarantee recently executed for the same amount with the Bank to secure the credit facility for the Step Down Subsidiary of the Company ie Mastek Inc subject to applicable laws and approvals
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