Pursuant to Regulation 30 (9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ashoka Buildcon has informed that ICRA, the Credit Rating Agency (ICRA) has upgraded the Credit Ratings for Long Term – Fund Based – Term Loan of Ashoka Ankleshwar Manubar Expressway, (SPV) a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the Company as follows: The ICRA has assigned the Credit Rating for Long Term – Fund Based – Term Loan as [ICRA] AAA upgraded from [ICRA] AA; Outlook revised to stable from Positive. The SPV is an unlisted material subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
