Media Matrix Cuts Subsidiary Guarantee from ₹80 Crores to ₹40 Crores

Media Matrix Worldwide Limited reduced its corporate guarantee for subsidiary nexG Devices Private Limited from ₹80 Crores to ₹40 Crores in favor of Kotak Mahindra Bank. The company holds 56.78% of nexG's paid-up share capital. The guarantee secures fund and non-fund-based facilities for the subsidiary.