Full Press Release Details
The Secretary / Executive Director
National Stock Exchange of India Ltd.
Pursuant to Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that India Ratings and Research (Ind-Ra) has
assigned/affirmed the ratings for the following instruments:
| Instrument Type | Date of Issuance | Coupon Rate | Maturity Date | Size of Issue (million) | Rating / Outlook | Rating Action |
| Long-Term Issuer Rating | - | - | - | - | IND AA+/Stable | Affirmed |
| Fund-based working capital limits | - | - | - | INR 100 (increased from INR 80) | IND AA+/ Stable/ IND A1+ | Long-term rating affirmed; short term assigned |
| Non-fund-based working capital limits | - | - | - | INR 1,200 (increased from INR 920) | IND AA+ /Stable /IND A1+ | Long-term rating assigned; short-term rating affirmed |
| Proposed working capital limits** | - | - | - | INR 4,700 (reduced from INR 5,000) | Provisional IND AA+/Stable/ Provisional IND A1+ | Affirmed |
| Commercial paper (CP) | - | - | 7-365 days | INR 8,000 | IND A1+ | Assigned |
** The ratings are provisional and shall be confirmed upon the sanction
and execution of the loan documents for the above facilities by DRL to the satisfaction of Ind-Ra.
This is for your information and record.
CC: New York Stock Exchange Inc., USA