NILE to give corporate guarantee of Rs40 crore for subsidiary to Axis Bank

7 Sep 2022 , 12:50 PM

NILE Limited has informed that the Board of Directors of NILE Ltd have approved to provide Corporate Guarantee up to an aggregate sum of Rs40,00,00,000/- (Rupees Forty Crores only) on behalf of its wholly-owned subsidiary namely, Nile Li-Cycle Private Limited, to Axis Bank Limited.

On Tuesday, at around 12:50 PM, NILE Ltd is currently trading at Rs599.90 per share up by Rs5.2 or 0.87% from its previous closing of Rs594.70 per share on the BSE.

The scrip opened at Rs593.50 per share and has touched a high and low of Rs604 per share and Rs586 per share respectively so far today. The current market cap of the company is Rs178.41 crore.

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