Puravankara Limited has issued a corporate guarantee for ₹199,99,00,000/- (Rupees One Hundred Ninety-Nine Crores Ninety-Nine Lakhs) on behalf of its wholly owned subsidiary, Provident Housing Limited. This guarantee supports the financial assistance availed by Provident Housing Limited through a Term Loan and Credit Facilities from RBL Bank Limited. The guarantee is considered a contingent liability for Puravankara and is part of the consolidated group’s financial operations.
Corporate Guarantee Issued for Subsidiary
Puravankara Limited announced today, August 20, 2026, that it has provided a corporate guarantee for its wholly owned subsidiary, Provident Housing Limited. The guarantee is substantial, amounting to ₹199,99,00,000/- (Rupees One Hundred Ninety-Nine Crores Ninety-Nine Lakhs only).
Purpose of Guarantee
This guarantee is intended to secure the financial assistance, specifically a Term Loan and Credit Facilities, that Provident Housing Limited has availed from RBL Bank Limited. The transaction is aligned with the subsidiary’s financing needs.
Financial Implications for Puravankara
The company has disclosed that the corporate guarantee represents a contingent liability for Puravankara Limited. This liability arises from the subsidiary’s financial commitments. While Provident Housing Limited is part of the consolidated group, the company has stated that at present, there is no direct impact of this guarantee on Puravankara Limited itself, beyond its nature as a contingent obligation.
Source: BSE
