Shanti Educational Initiatives Secures ₹49.90 Crore ICICI Bank Funding for Subsidiary Operations
Published on: Jan. 19, 2026, 9:55 p.m. | Source: scanx.trade
Shanti Educational Initiatives Limited has issued a Letter of Comfort to ICICI Bank for ₹49.90 crore credit facilities extended to subsidiary Uniformverse Private Limited, with commitments to maintain ownership and protect against losses. The company has also launched wholly-owned subsidiary Shanti Learning Initiatives Private Limited with ₹1.00 lakh authorized capital, commencing operations on January 12, 2026. Both transactions demonstrate regulatory compliance with no promoter group involvement.
