Announcement under Regulation 30 (LODR)-Credit Rating

Pursuant to regulation 30(4) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited - the credit rating agency has vide its letter dated June 26, 2018, received & accepted on 26th June, 2018, has reaffirmed the long term rating for the Line of Credit (LOC) amounting to Rs. 649.99 crores at [ICRA]A+ (pronounced ICRA A plus) with outlook being revised to Stable from Negative.

ICRA Limited - the credit rating agency has also vide its letter dated June 26, 2018, received & accepted on 26th June, 2018, has reaffirmed the rating of [ICRA]A1+ (pronounced ICRA A one plus) indicating very strong degree of safety for the commercial papers amounting to Rs.300 crores.

Kindly take the same on your records and bring this information to the notice of all the concerned.

Pdf Link: Announcement under Regulation 30 (LODR)-Credit Rating

Source : BSE - www.bseindia.com

Published on June 26, 2018

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