Announcement under Regulation 30 (LODR)-Updates

We hereby inform that the Company has issued and allotted Commercial Paper of an amount of ?100 Crores. The proceeds will primarily be used to refinance existing borrowings.

As intimated earlier vide our letter dated 4th September 2017, Credit Analysis & Research Limited has assigned a credit rating of CARE A1+ to the said instrument. Instruments with CARE A1 rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk. The modifier {"+" (plus)} reflect the comparative standing within the category.

Pdf Link: Announcement under Regulation 30 (LODR)-Updates

Source : BSE - www.bseindia.com

Published on February 19, 2018

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