ICRA revises ratings assigned to debt obligations of Vipul

15 Jun 2015

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.


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