I saw this notification from Infibeam Avenues today:
If I understand this right, basically, Infibeam Avenues is giving guarantee of 140 Cr against term loan drawn by Infibeam Projects Management Pvt Ltd which is into real estate.
I am wondering if this should be a concern. The avenues business, a Fintech company, serving as a guarantee for real estate subsidiary. Is this common? Can the more informed members please throw some light on this?
Thanks.
Disc: Invested from lower levels and wondering what to do with this stock.
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