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Puravankara Limited — Capital/Financing Update 2021
Sep 15, 2021
61023_rns_2021-09-15_61631950-7087-4997-b2f1-f36b621ecaf5.pdf
Capital/Financing Update
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September 15, 2021
To
| The General Manager – DCS,Listing Operations-Corporate Services Dept.BSE Ltd.1stFloor, New Trading Ring, RotundaBuilding, 'P J. Towers, Dalal Street, Fort**,**Mumbai 400 001.[email protected]Stock Code: 532891 | The Manager,Listing Department,National Stock Exchange of India Ltd.,Exchange Plaza, 5th Floor, Plot No. C/1, GBlock, Bandra-Kurla Complex, Bandra (E),Mumbai [email protected]Stock Code:PURVA |
|---|
Dear Sir / Madam,
Sub: Credit Rating
We hereby inform that India Ratings and Research (Ind-Ra) has upgraded Puravankara Limited’s Long-Term Issuer Rating to ‘INDA-’ from ‘IND BBB+’. The Outlook is Positive. The instrumentwise rating action is as follows:
| Instrument Type | SizeofIssue(million) | Rating/ Outlook | RatingAction |
|---|---|---|---|
| Fund-based working capitalfacility | INR1,000 | IND A-/Positive | Upgraded |
This is further to the intimation on 31.07.2021 that ICRA has upgraded the previous rating and assigned a long-term rating of [ICRA] A- and outlook has been revised to Stable from Positive and has upgraded the previous short term rating to [ICRA] A2+ for Rs.3,000 crore bank facilities of Puravankara Limited.
This is for your information and records.
Thanking you
Yours sincerely
For Puravankara Limited
D Bindu
Digitally signed by D Bindu DN: c=IN, o=Personal, 2.5.4.20=d405520a9a2f1ae7ec610a986eba5247bc163995c05d9449cfda8cd92f79a14e, postalCode=560038, st=Karnataka, serialNumber=b8e187f9d70b45657e74376b128dd7c22c433c80ccd10263a2d578fc36bcda68, cn=D Bindu Date: 2021.09.15 20:32:55 +05'30'
Bindu D Company Secretary
PURAVANKARA LIMITED
Registered Office: #130/1, Ulsoor Road, Bengaluru- 560 042 Tel:+91 80 2559 9000 / 4343 9999 Fax: +91 80 2559 9350 Email: [email protected] URL: www.puravankara.com CIN: L45200KA1986PLC051571 AN ISO 9001 COMPANY