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Ipca Laboratories Ltd. — Capital/Financing Update 2023
Jul 27, 2023
61700_rns_2023-07-27_1370343d-575b-4777-8180-a20aa9c80df0.pdf
Capital/Financing Update
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July 27, 2023
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THRU ONLINE FILING
BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 023 Scrip Code – 524494
National Stock Exchange India Limited, Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra – (East). Mumbai-400051. Scrip Code : IPCALAB
Sub: Credit Rating for bank facilities and commercial paper
This is to inform you that India Ratings & Research (A Fitch Group Company) has reviewed and assigned the following ratings to Company’s working capital limit, long term loan and commercial paper :
| Instrument Type | Maturity | Size of Issue | Rating/Outlook | Rating |
|---|---|---|---|---|
| Date | (Million) | Action | ||
| Fund/Non-fund | INR 21,000 | IND AA+/Stable/IND | Affirmed | |
| based working | (increased from | A1+ | ||
| capital limit | INR17,500) | |||
| INR 6,730 | IND AA+/Stable | Affirmed | ||
| Long-term loan | FY28 | (increased from | ||
| INR 4,000) | ||||
| Commercial Paper(CP)* | Up to 365days | INR 2,500 | IND A1+ | Assigned |
| (CP)* | Up to 365days | INR 500 | IND A1+ | Affirmed |
*The CP is not carved out of Ipca’s fund-based working capital limits.
This is for your information and record.
Thanking you
Yours faithfully For Ipca Laboratories Limited
HARISH PANDURANG KAMATH Digitally signed by HARISH PANDURANG KAMATH DN: c=IN, o=PERSONAL, 2.5.4.20=3e5648a57390d9262997da3de9051643bfb87e352b111402af42d207e52e25c6, postalCode=400063, st=Maharashtra, serialNumber=72050fb9fadcbc5de6404685117b8355792f5784c7617d9c4cae2a3887d6b809, cn=HARISH PANDURANG KAMATH Date: 2023.07.27 16:08:33 +05'30'
Harish P. Kamath
Corporate Counsel & Company Secretary
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