India Finsec has provided corporate guarantee to secure the loan facility of Rs 25,00,00,000 sanctioned by State Bank of India to IFL Housing Finance, a subsidiary of the company.
India Finsec is providing an additional corporate guarantee of Rs 10 crore (Earlier, it was given to an amount of Rs 15 crore only) to State Bank of India for providing loan facility of Rs 25 crore to IFL Housing Finance.
India Finsec is an India-based non-banking financial company (NBFC). The company’s principal activities include providing finance and dealing in shares and securities. The company is engaged in the business of financing, inter corporate deposits, advancing short term loans etc.
