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XPRO India Limited ( (IN:XPROINDIA) ) has issued an update.
Xpro India Limited announced the cancellation of a corporate guarantee previously issued in favor of Brückner Maschinenbau GmbH. This guarantee, amounting to approximately EUR 12,048,750, was related to the obligations of its wholly-owned subsidiary, Xpro Dielectric Films FZ-LLC, for procuring capital equipment. The cancellation follows the subsidiary’s fulfillment of its obligations, which has been acknowledged by the equipment supplier. This development is significant for Xpro India as it indicates the subsidiary’s strengthened financial position and could positively impact the company’s operational stability and stakeholder confidence.
More about XPRO India Limited
Xpro India Limited operates in the manufacturing industry, focusing on producing dielectric films and other related products. The company is involved in providing solutions for various industrial applications, with a market focus on supplying capital equipment and materials.
YTD Price Performance: -32.70%
Average Trading Volume: 3,042
Current Market Cap: 23.13B INR
For an in-depth examination of XPROINDIA stock, go to TipRanks’ Stock Analysis page.