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Tata Elxsi Ltd — Capital/Financing Update 2021
Feb 4, 2021
61951_rns_2021-02-04_9e12ae9b-e043-4e52-a5c0-bc802cd55265.pdf
Capital/Financing Update
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February 03, 2021
DGM – Corporate Relations The Listing Department Bombay Stock Exchange Ltd. National Stock Exchange Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Plot No. C-1, Block G Mumbai – 400 001 Bandra – Kurla Complex Bandra (East) Mumbai – 400 051
Dear Sir,
Sub: Intimation of withdrawal of credit rating from Care ratings -Voluntary.
Pursuant to the provisions of Regulation 30 of the SEBI Listing Regulations, read with Schedule III thereto, this is to inform that on request of the Company, ICRA have withdrawn the long-term rating of [ICRA]AA with Stable outlook and short-term rating of [ICRA]A1+ assigned to the Company’s Rs. 55.00 crore borrowing programme, vide its letter ICRA:BLR:2020-21/WD/75 to the Company, dated February 02, 2021.
The copy of the aforesaid letter issued by the Rating Agency is enclosed herewith for your reference.
It may be noted that the Company had voluntarily requested for such withdrawal as the Company is not utilising the above borrowing programme from its bankers. The Bankers have also given necessary concurrence to the withdrawal of the above ratings.
This is for your information and record.
Yours truly,
For Tata Elxsi Limited
G VAIDYANATHAN Digitally signed by G VAIDYANATHAN DN: c=IN, o=Personal, 2.5.4.20=dcabe2c3804765e932eed389ff703acb73a3b95e756a69ae993cf0da10bb4dd8, postalCode=560043, st=KARNATAKA, serialNumber=bddbe158b3214372369f83e8e5f76f7575633b116efab2ee9ab0a2f823888cb7, cn=G VAIDYANATHAN, l=BENGALURU, title=9202, pseudonym=920220201027154951749, email=[email protected] Date: 2021.02.04 17:14:49 +05'30' G Vaidyanathan General Counsel & Company Secretary
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