Karvy Financial Services has informed that pursuant to the requirement of regulation 51(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Requirements, 2015, ICRA has revised its ratings on the long term bank facilities and the Subordinate Debt programme. The ratings issued are on standalone basis. The ratings are: Long-term Bank lines (Basel II) - Rs 174.36 crore - [ICRA] B- (negative); and Subordinated Debt Programme - Rs 30 crore - [ICRA] B- (negative).
The above information is a part of company’s filings submitted to BSE.
