Indo-National has received an approval for cancellation of corporate guarantee of Rs 26 crore provided to Kotak Bank and to provide corporate guarantee of Rs 30.90 crore to HDFC Bank, Chennai on behalf of Kineco, a step one subsidiary of the company. The board of director at its meeting held on August 17, 2017 has approved for the same.
Indo-National, formerly Nippo Batteries Co., is an India-based company. The Company markets various range of LED torch lights to cater to customer requirements.