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Lodha Developers Limited — Capital/Financing Update 2021
Jun 15, 2021
61952_rns_2021-06-15_b4febf05-479e-408b-9dc4-b06996cbf381.pdf
Capital/Financing Update
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June 15, 2021
The Listing Dept., BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001
Scrip Code: 543287 Scrip ID:- LODHA
The Listing Dept. National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051
Trading Symbol : LODHA Debt Segment - DB - LDPL23 & DB-LODL23
Dear Sir/Madam,
Subject: Intimation of Revision in Credit Rating
Pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”), we would like to inform that the credit rating of the Company has been upgraded by India Ratings & Research vide their letter dated June 15, 2021.
In accordance with the Regulations, the details of the revision in ratings are as below:
| Instrument Type | **Rating Type ** | Existing Rating | Revised Rating |
|---|---|---|---|
| Bank Loans | Long Term | IND BBB-/Stable | IND BBB+/Stable |
| Non-ConvertibleDebentures | Long Term | IND BBB-/Stable | IND BBB+/Stable |
| Fund-based limits | Long andShortTerm | - | IND BBB+/Stable/IND A2 |
| Non-fund-basedlimits | Short-Term | - | IND A2 |
Kindly take the same on record.
Thanking you,
Yours faithfully, For Macrotech Developers Limited Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154
Macrotech Developers Limited (Formerly known as Lodha Developers Limited) : Lodha Excelus , NM Joshi Marg, Mahalaxmi, Mumbai 400 011, India • T + 91 22 6133 4400 Regd. Office : 412, Floor-4, 17G Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400 001, India CIN: U45200MH1995PLC093041