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HCL Infosystems Ltd — Capital/Financing Update 2023
Sep 4, 2023
60749_rns_2023-09-04_a1ecb20c-f1f3-4452-8609-09a2bbe5fb26.pdf
Capital/Financing Update
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4[th] September 2023
To
The General Manager The Manager Department of Corporate Relations Listing Department BSE Limited The National Stock Exchange of India Limited Pheroze Jeejeebhoy Towers Exchange Plaza Dalal Street 5[th] Floor, Plot No. C-1, Block G Mumbai 400 001 Bandra Kurla Complex Bandra (East) Mumbai 400 051
Sub: Intimation of rating of the Company by CARE Ratings Limited
Symbol: NSE : HCL-INSYS BSE (For Physical Form) : 179 BSE (For Demat Form) : 500179
Dear Sirs,
Intimation is hereby given under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that CARE Ratings Limited has assigned below mentioned rating to HCL Infosystems Limited:
| S.No. | Facility Name | Amount (Rs. Crore) |
Rating |
|---|---|---|---|
| 1 | Long-term/short term bank facilities |
235.00 | CARE BBB-; Stable/ CARE A3 |
| 2 | Long-term/short term bank facilities |
65.00 | Provisional CARE A; Stable (CE)/ CARE A2+ (CE) # |
Based on the credit enhancement in the form of provisional unconditional and irrevocable corporate guarantee to be provided by HCL Corporation Private Limited, the promoter company.
The Company has not accepted the rating and requested the agency to reconsider the same.
Current Long-term rating of the Company from India Ratings and Research (Ind-Ra) is “BBB-/stable.
Kindly take the same on record. The Company will give an update on this.
Truly Yours,
For HCL Infosystems Limited
KOMAL Digitally signed by KOMAL BATHLA BATHLA Date: 2023.09.04 20:50:22 +05'30' Komal Bathla Company Secretary and Compliance Officer
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