Eris Lifesciences Issues ₹75 Cr Corporate Guarantee

Eris Lifesciences executed a ₹75 crore corporate guarantee favouring its wholly owned subsidiary Eris Bionxt Private Limited.
The guarantee secures a term loan sanctioned by HDFC Bank to EBPL for repayment of existing loan liabilities.
The guarantee will appear as a contingent liability in Eris Lifesciences' standalone financials; EBPL financials are consolidated.