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Deepak Nitrite provided a guarantee to Bank Muscat for a $78.43 million loan for its subsidiary, Deepak Oman Industries. The guarantee total is ₹756.16 Crore.
Deepak Nitrite has executed a corporate guarantee of US$ 78.43 million (approx. ₹752.93 Crore) in favor of Bank Muscat SAOG for its subsidiary, Deepak Oman Industries.
Deepak Nitrite's subsidiary Deepak Phenotics Limited has invested ₹150 Crore into another subsidiary, Deepak Chem Tech Limited, by subscribing to 9% Optionally Convertible Redeemable Preference Shares. This intra-group capital infusion aims to strengthen DCTL's capital base and support its project expenses for chemical plants in Gujarat.
Deepak Nitrite's subsidiary, Deepak Phenolics Limited, invested ₹150 Crore in another subsidiary, Deepak Chem Tech Limited, by subscribing to 1,50,00,000 Optionally Convertible Redeemable Preference Shares. The infusion strengthens DCTL's capital base for project expenses and corporate purposes. The transaction was conducted on an arm's length basis.