CARE has withdrawn the rating assigned to the long-term NCD issue of Oscar Investments with immediate effect, as the company has fully repaid the amounts under the said issue and there is no amount outstanding under the issue as on date.
Oscar Investments is a Non Banking Finance Company registered with Reserve Bank of India as Loan and Investment Company. The company is a part of Ranbaxy Promoter Group and holds a significant stake in Ranbaxy and other companies promoted by promoters of Ranbaxy.