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Asian Granito to give corporate guarantee of Rs 2.5 crore in favor of Camrola Quartz

Asian Granito India has received an approval to give the Corporate Guarantee of Rs 2.5 crore in favor of Camrola Quartz, subsidiary of the company. The Administrative Committee of the company in its meeting held on December 14, 2017 has given approval for the same.

The company will withdraw the said Corporate Guarantee after project finance is sanctioned for the aforesaid Capex FLC facilities at the time of execution of sanctioned documents of whole project Loan sanctioned by IDFC Bank or by any other Bank by producing Letter of Undertaking (LUT) to IDFC Bank.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

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