ICRA upgrades the rating assigned to Vipul

Credit rating agency, ICRA has upgraded the rating assigned to Vipul as 'B+' pronounced as 'ICRA B PLUS' in respect of long term borrowings.

Earlier in January this year, CRISIL Equities had assigned a CRISIL IER fundamental grade of 2/5 to Vipul. The grade indicates that the company's fundamentals are ‘moderate’ relative to other listed equity securities in India. The rating agency had also assigned a valuation grade of 5/5 to the company.

Vipul is a real estate company and its townships are envisaged as the most desirable and sought after address of tomorrow. Nestled with the most exquisite luxuries and state-of-the-art support systems, these town-ships personify the elegance of modern lifestyle.