Shalby presents $9.Forty five m letter of credit for US arm

Shalby presents $9.Forty five m letter of credit for US arm

by admin- Wednesday, December 14th, 2022 03:37:29 PM

 

Shalby has provided protection by way of way of Stand via Letter of Credit (SBLC) (Guarantee) amounting to USD nine.45 million (US Dollar Nine factor Forty Five Million Only) issued by ICICI Bank Ltd, India in favour of ICICI Bank Ltd, USA to at ease running capital facilities granted to Shalby Advanced Technologies, Inc., USA (an overseas step‐down subsidiary of the Company) pursuant to the Facility Agreement.

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