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Hester Biosciences Ltd — Capital/Financing Update 2020
Nov 5, 2020
62222_rns_2020-11-05_88e8747e-7632-4cf8-b6eb-f1b56482b321.pdf
Capital/Financing Update
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05.11.2020
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 524669
To, National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Symbol: HESTERBIO
Respected Sir/Madam:
Subject: Intimation of assigned Credit Ratings
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations"), we would like to inform that CARE Ratings Limited ('CARE Ratings'), vide it's letter dated 5 November 2020 (received through email), has assign the followings ratings to the Company:
| Credit Facility | Existing Ratings | Revised Ratings | Remark |
|---|---|---|---|
| Long - term BankFacilities | " l" | CARE "A- : Stable"(Single A Minus:Outlook: Stable) | Reaffirmed |
| CARE A- : Stabe | |||
| (Single A Minus: | |||
| Otlk Stbl | |||
| uoo: ae) | |||
| Long - term /Short - term BankFacilities | CARE "A- : Stable" / | CARE "A- : Stable" / | Reaffirmed |
| CARE "A2" | CARE "A2"(Single A Minus:Outlook: Stable/ A Two) | ||
| (Single A Minus: | |||
| Outlook: Stable/ A Two) | |||
| Short - term BankFacilities | CARE "A2" | CARE "A2" | Reaffirmed |
| (A Two) | (A Two) | ||
Kindly take note of the same and consider in your records.
Sincerely, For Hester Biosciences Limited Vinod Mali Company Secretary & Compliance Officer