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UPL Limited — Capital/Financing Update 2021
Jul 17, 2021
10597_rns_2021-07-17_a11620f7-07c3-43a0-8a5c-f357606fdc7f.pdf
Capital/Financing Update
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17[th] July 2021
BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, C/1, Block G Dalal Street, Fort Bandra Kurla Complex, Bandra East Mumbai - 400001 Mumbai - 400051 SCRIP CODE: 512070 SYMBOL: UPL
Sub: Intimation regarding Credit Rating for various instruments – Reaffirming / Upgrade
Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated 22[nd] October 2019, we hereby intimate that CARE Ratings Ltd. has reaffirmed / upgraded its ratings respectively for the following instruments / bank facilities of the Company as follows:
| SN. | Instruments | Amount (Rs. in crores) |
Rating | Rating Action |
|---|---|---|---|---|
| 1. | Non-Convertible Debentures |
150 | CARE AA+ Outlook:Stable |
Reaffirmed; Outlook revised from Negative |
| 2. | Non-Convertible Debentures |
150 | CARE AA+ Outlook:Stable |
Reaffirmed; Outlook revised from Negative |
| 3. | Commercial Paper | 1,500 (Enhanced from 1,350) |
CARE A1+ | Reaffirmed |
| 4. | Long Term / Short Term Bank Facilities |
1,650 | Long term: CARE AA+ Outlook:Stable Short term: CARE A1+ |
Reaffirmed; Outlook revised from Negative |
| 5. | Short Term Bank Facilities |
850 | CARE A1+ | Reaffirmed |
This is for your information and records.
Thanking you,
Yours faithfully, For UPL Limited
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Sandeep Deshmukh Company Secretary and Compliance Officer (ACS – 10946)
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