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Senores Pharmaceuticals Issues Corporate Guarantee for Subsidiary’s Credit Facility

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Senores Pharmaceuticals Issues Corporate Guarantee for Subsidiary’s Credit Facility

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An update from Senores Pharmaceuticals Ltd. ( (IN:SENORES) ) is now available.

Senores Pharmaceuticals Limited has announced that it has issued a corporate guarantee for its material subsidiary, Ratnatris Pharmaceuticals Private Limited, to secure credit facilities from HDFC Bank Limited amounting to Rs. 40.53 Crores. This move is aimed at supporting the subsidiary’s financial operations without impacting Senores Pharmaceuticals’ financials, aside from being listed as a contingent liability in their financial statements.

More about Senores Pharmaceuticals Ltd.

Senores Pharmaceuticals Limited operates in the pharmaceutical industry, focusing on the development and distribution of pharmaceutical products. The company is based in Ahmedabad, Gujarat, India, and is involved in providing healthcare solutions through its various subsidiaries.

YTD Price Performance: -1.18%

Average Trading Volume: 96,162

See more data about SENORES stock on TipRanks’ Stock Analysis page.

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