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Indo-National to provide Corporate Guarantee of Rs 8.50 crore to HDFC Bank

06 Dec 2017 Evaluate

Indo-National has received an approval to provide Corporate Guarantee of Rs 8.50 crore to HDFC Bank Chennai on behalf of Kineco, a step one subsidiary of the company. The board of directors at its meeting held on December 5, 2017 has approved for the same.

Besides, the Competition Commission of India (CCI) is investigating the zinc carbon dry cell battery industry including the company in relation to cartelization. The company has fully cooperated in this investigation and provided all necessary documents / explanations.

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.



Indo-National Share Price

326.55 0.40 (0.12%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Exide Inds 329.50
Amara Raja Energy 765.95
HBL Engineering 774.80
Eveready Inds. India 304.50
Indo-National 326.55
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