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ICRA reassigns ‘A1’ rating to Nahar Capital’s commercial paper programme

05 May 2015 Evaluate

Credit rating agency, ICRA has reassigned ‘A1’ rating to Nahar Capital and Financial Services’ (NCFSL) proposed Short Term Debt / Commercial Paper Programme for Rs 25 crore.

NCFSL has been registered as non banking finance company (NBFC) mainly to carry out the existing Investment business transferred from Nahar Spinning Mills (NSML) i.e. the business of Investment in Sshares, debentures, stock, bonds and securities of any kind issued by companies, banks, mutual funds, etc.

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