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| Updated on January 16, 2018 Published on December 09, 2016

Wockhardt has informed the BSE that Credit Analysis & Research (CARE Rating) has re-affirmed the healthcare major’s rating for total working capital limit as ‘CARE AA’ and ‘CARE A1+’ for long-term bank facilities (fund-based) and short-term bank facilities (non-fund-based), respectively. Further, India Ratings and Research Private Limited has re-affirmed the short-term bank facilities rating at ‘IND A1+’ and assigned the company’s long-term loan facilities rating to ‘IND AA-‘ from ‘IND AA’. CARE Rating has also assigned ‘CARE AA’ rating to Wockhardt’s proposed NCD issue worth ₹250 crore.

Western India Shipyard has informed the BSE that the Board of Directors of the company at the meeting held on December 9, 2016, approved the preferential issue and allotment of upto maximum 9.25 crore equity shares of ₹2 each at par to Bermaco Energy, subject to approval by shareholders at the ensuing annual general meeting of the company. The Board further approved the preferential issue and allotment of upto a maximum 3.25 crore share warrants carrying a right to subscribe to an equivalent number of equity shares of face value ₹2 each at a price to be determined in accordance with the SEBI (ICDR) Regulations, subject to approval by shareholders at the ensuing annual general meeting of the company.

Published on December 09, 2016
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