Credit rating agency ICRA, upon request from Reliance Broadcast Network (RBNL) since there is no amount outstanding against the rated instruments, has withdrawn the BBB rating with stable outlook assigned to the Rs 115.0 crore long-term fund-based facilities and the Rs 35.0 crore long-term non-fund based facilities of RBNL, as the company has fully redeemed the instruments on maturity.
Further, since RBNL has not raised funds against the rated instruments and there is no amount outstanding against the said rated instruments, the rating agency upon request from RBNL has also withdrawn the BBB rating assigned to the Rs 75.0 crore non-convertible debenture programme and the A2 rating assigned to the Rs 85.0 crore, short-term, fund-based facilities; Rs 15.0 crore, short-term, non-fund based facilities; and Rs 25.0 crore, commercial paper programme of RBNL.
RBNL is a multi-media entertainment conglomerate with play across radio, television, intellectual properties and out of home. It is part of the Reliance Group and specializes in creating and executing integrated media solutions for brands.
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PVR | 1298.00 |
Saregama India | 427.65 |
Eros Internatl.Media | 20.84 |
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