Credit rating agency, ICRA has revised the rating assigned to the debt obligations of Vipul. The credit rating agency has assigned ‘B+’ from the earlier ‘BB-‘assigned to Rs 70 crore long-term debt programme. The agency has also assigned ‘B+’ from the earlier ‘BB-‘ assigned to Rs 30 crore fund based limits, Rs 45.12 crore non-fund based limits and Rs 4.88 crore unallocated limits.
Vipul, a synonym for happy buildings was established in 2001 and is a company constantly spreading happiness over the years through its landmark developments. The company develops Integrated Townships, High-End Luxury Apartments, Independent Floors, Lavish Villas, Retail & Commercial Towers, Hotels and SEZ.