Media Matrix Issues ₹25 Crore Corporate Guarantee

Media Matrix Worldwide issued a corporate guarantee for subsidiary nexG Devices' banking facilities with IndusInd Bank.
The guarantee covers ₹25 crore for fund and non-fund based facilities availed by the subsidiary.
nexG Devices is a 56.78% owned subsidiary specializing in mobility and IT product distribution.
The guarantee will be disclosed as a contingent liability in Media Matrix's financial statements.