In terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), Rane Holdings has informed, with regard to the Company's existing bank loan facilities of Rs 100 Crores, ICRA Limited has: a) for Rs 86.70 crore bank facilities- reaffirmed a long term rating of [ICRA] AA- (pronounced as ICRA double A minus) and b) for Rs 13.30 crore bank facilities- reaffirmed a long term rating of [ICRA] AA- (pronounced as ICRA double A minus) with outlook as ‘stable’ and short-term rating of [ICRA] A1+ (pronounced as ICRA A one plus). The company enclosed the rating letters issued by ICRA dated November 29, 2021. Treat this intimation as compliance with the disclosure requirements under the relevant provisions of SEBI LODR.
The above information is a part of company’s filings submitted to BSE.
