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Sterlite Technologies Limited. — Capital/Financing Update 2023
May 29, 2023
59411_rns_2023-05-29_503ad9d1-e0db-4fa5-beb3-0951ed4141cb.pdf
Capital/Financing Update
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May 27, 2023
National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051.
BSE Limited
Phirozee Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.
Ref.: Scrip ID - STLTECH/ Scrip Code – 532374
Sub: Intimation of Credit Rating
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CRISIL has changed outlook on the ratings of the Company from "negative" to "Watch Developing". Details of the ratings are as follows:
| Total Bank Loan Facilities Rated | Rs.5792 Crore |
|---|---|
| Long Term Rating | CRISIL AA/Watch Developing |
| Rs. 640 Crore Non-ConvertibleDebentures | CRISIL AA/ Watch Developing |
| Rs.800 Crore Commercial Paper | CRISIL A1+ |
The ratings rationale can be accessed at below link
https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/SterliteTechnologiesLimited_May%2026,%20202 3_RR_319958.html
Kindly take the above on record.
Thanking you.
Yours faithfully,
For Sterlite Technologies Limited
AMIT VILAS Digitally signed by AMIT VILAS DESHPAND DESHPANDE Date: 2023.05.27 E 18:54:58 +05'30'
Amit Deshpande
General Counsel & Company Secretary (ACS 17551)
Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408