Avantel has informed that Acuité Ratings & Research ('Credit Rating Agency') vide their mail dated March 7, 2024 has upgraded its long-term rating to 'ACUITE A-' (read as ACUITE A minus) from 'ACUITE BBB+' (read as ACUITE triple B plus) and short-term rating to 'ACUITE A2+' (read as ACUITE A two plus) from 'ACUITE A2' (read as ACUITE A two) on Rs.57.40 Cr bank facilities of Avantel. Outlook is 'Stable'. A copy of the Press Release issued by the Credit Rating Agency is attached.
The above information is a part of company’s filings submitted to BSE.