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Lodha Developers Limited — Capital/Financing Update 2021
Aug 10, 2021
61952_rns_2021-08-10_cf09a8b5-593f-4f0a-86a5-527fdd9579fd.pdf
Capital/Financing Update
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August 10, 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 Brickwork Ratings India Private Limited vide their letter dated August 9, 2021.
In accordance with the Regulations, the details of the revision in ratings are as below:
| Instrument Type | Rating Type | Existing Rating | Revised Rating |
|---|---|---|---|
| Fund based Loans | Long Term | BWR BBB / Stable | BWR BBB+/Stable |
| Non-Convertible Debentures | Long Term | BWR BBB / StableBWR BBB- /Negative | BWR BBB+/StableBWR BBB /Stable |
| Fund-based facility CC/OD | Long Term | BWR BBB / StableBWR A3 | BWR BBB+/Stable |
Kindly take the same on record.
Thanking you,
Yours faithfully, For Macrotech Developers Limited
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Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154
Macrotech 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