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Ajmera Realty & Infra India Ltd ( (IN:AJMERA) ) has shared an update.
Ajmera Realty & Infra India Ltd has announced that its Finance and Investment Committee has approved a corporate guarantee for Rs. 75 crore in favor of Catalyst Trusteeship Limited, benefiting Axis Bank Limited. This guarantee is for a credit facility availed by its wholly-owned subsidiary, Shree Yogi Realcon Private Limited. The move is part of the company’s financial strategy to support its subsidiary’s operations, with no immediate impact on Ajmera Realty’s financial statements beyond disclosure requirements.
More about Ajmera Realty & Infra India Ltd
Ajmera Realty & Infra India Ltd operates in the real estate and infrastructure industry, providing a range of services including residential and commercial property development. The company focuses on delivering high-quality projects and has a significant presence in the Indian market.
Average Trading Volume: 4,643
Technical Sentiment Signal: Strong Buy
Current Market Cap: 39.77B INR
For a thorough assessment of AJMERA stock, go to TipRanks’ Stock Analysis page.