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Shoppers Stop Ltd — Capital/Financing Update 2022
Sep 29, 2022
61501_rns_2022-09-29_bd4dea6e-dc3c-4e40-8012-9c53c15bc4f4.pdf
Capital/Financing Update
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SHOPPERS STOP
SEC/62/2022-23 September 29, 2022
| BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001. Stock Code : 532638 |
National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Stock Symbol : SHOPERSTOP |
|---|---|
Subject: Revision in Credit Rating
Dear Sir / Madam,
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that Care Edge Ratings (Care Rating Limited) vide its letters dated September 28, 2022 (received by us on September 29, 2022) have partly revised the Company’s Credit Rating and the outlook assigned to the Company, as under:
(i) Credit Rating for Bank Facilities
| Facilities | Amount(Rs. Crore) | Previous Rating | Revised Rating | Rating Action |
|---|---|---|---|---|
| Long Term Bank Facilities |
399.00 | CARE A+; Negative (Single A Plus; Outlook: Negative) |
CARE A+; Stable (Single A Plus; Outlook: Stable) |
Reaffirmed; outlook revised from Negative to Stable |
| Short Term Bank Facilities |
38.00 | Care A1 (A One) |
CARE A1+ (A One Plus) |
Revised from CARE A1 to CARE A1+ |
| Total Facilities | 437.00 |
(ii) Credit rating for Proposed Non-Convertible Debenture Issue
| Instrument | Amount(Rs. Crore) | Previous Rating | Current Rating | Rating Action |
|---|---|---|---|---|
| Non-Convertible Debentures |
100.00 | CARE A+; Negative (Single A Plus; Outlook: Negative) |
CARE A+; Stable (Single A Plus; Outlook: Stable) |
Reaffirmed; Outlook revised from Negative to Stable |
| Total Instruments | 100.00 |
Kindly take the same on the records.
Thank you.
Yours faithfully, For Shoppers Stop Limited Vijay Digitally signed by Kumar Vijay Kumar Gupta Date: 2022.09.29 Gupta 20:55:57 +05'30' Vijay Kumar Gupta Vice President- Legal, CS & Compliance Officer ACS No: 14545
Shoppers Stop Limited
Registered & Service Office : Umang Tower, 5[th] Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : [email protected] Website: www.shoppersstop.com
Toll Free No.:1800-419-6648 (9 am to 9 pm).