“CARE vide its letter CARE/CRO/RL/2016-17/1376 dated December 1,2016 has upgraded the credit rating in respect of the Company’s outstanding Non-Convertible Debentures from CARE AA (SO) [Double A (Structured Obligation)] to CARE AA +(SO);Stable [Double A Plus(Structured Obligation; Outlook :Stable )]
The Company has allotted 600 Rated, Taxable Secured, Guaranteed, Listed Redeemable Non- Convertible Debentures of the Face Value of Rs 10,00,000 each ( Rupees Ten Lacs Only) for a total size of Rs 60.00 crores (Rupees Sixty Crores Only) in the form of Separately Transferable Redeemable Principal Parts (“STRPPs”) and structured in form of two different series of Rs. 30 crore (Thirty crore only) each on a Private Placement basis.
The Company has received a credit rating of CARE AA- (SO) for the above mentioned allotment.
CARE vide its letter CARE/CRO/RR/2015-16/1240, dated 21st December,2015 has upgraded the credit rating of the Non Convertible Debentures to CARE AA (SO) (Double A) (Structured Obligation).
The Debenture Trustee details for the above mentioned allotment are as follows:
Name of Debenture Trustee: IDBI Trusteeship Services Limited
Address: Asian Building, Ground Floor, 17, R Kamani Marg, Ballard Estate, Mumbai 400001
Phone no - +91 22 4080 7018 | Mob: 9821682007
Contact Person: Anjalee Athalye