Jain Resource gives ₹150 crore guarantee to unit.

Jain Resource Recycling Limited

has provided corporate guarantees of ₹150 crore for its wholly owned subsidiary Jain Green Technologies. The support covers the subsidiary’s obligations. The company issued corporate guarantees totalling ₹150 crore. These are in favour of its wholly owned subsidiary Jain Green Technologies. The move helps the unit raise funds or meet contractual needs. The key number is the ₹150 crore corporate guarantee for Jain Green Technologies. This may support near-term interest in the stock on subsidiary backing. Peers such as Gravita India, Pondy Oxides and Nile Limited could face relative comparison on group support actions. Risks include higher contingent liabilities if the subsidiary faces issues. Competitors listed: Gravita India, Pondy Oxides, Nile Limited. We have no financial interest in this news.