Bombay Burmah Trading Corporation (BBTC) has issued Commercial Paper (CP) for an aggregate amount of Rs 50 crore on December 23, 2016 for 81 days and having maturity date March 14, 2047. This is in addition to the CP issued in November 2016 for Rs 50 crore. India Ratings & Research has assigned rating of ‘A1+’ for issue of Commercial Paper by the Corporation up to Rs 100 crore.
BBTC is a leading concern of the Wadia Group, a reputed Indian business house with interests in plantations, foods, textiles, chemicals, electronics and light engineering, health care and real estate. Bombay Burmah, Bombay Dyeing and Britannia are the mastheads of the Wadia Group.
