S.P. Apparels Guarantees ₹12.51 Cr Loan for UK Subsidiary
S. P. Apparels Limited · SPAL · NSE ·
S.P. Apparels Ltd. has issued a corporate guarantee for a term loan taken by its wholly-owned subsidiary, S.P. Apparels (UK) P Limited. The guarantee amount is **₹12.51 Crores** for a loan from HSBC UK Bank PLC. This creates a contingent liability for the parent company, which wo…