Man Industries Board Approves USD 70 Million Corporate Guarantee for Saudi Arabia Subsidiary
Published on: April 23, 2026, 12:54 a.m. | Source: scanx.trade
Man Industries (India) Limited board approved a USD 70 million corporate guarantee for its wholly owned subsidiary MISIC's business expansion in Saudi Arabia on April 22, 2026. The guarantee will be treated as contingent liability with no current impact on the listed entity. Promoter groups have no interest in this transaction, and the decision supports the subsidiary's growth initiatives in the Middle East region.
