Godrej Industries Ltd - 500164 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that ICRA Limited has assigned '[ICRA]AA' [pronounced 'ICRA double A'] rating to the Company's proposed issue of Non-Convertible Debentures of upto Rs.1,500 Crore (Rupees One Thousand Five Hundred Crore) [enhanced from Rs.1,500 Crore (Rupees One Thousand Five Hundred Crore) to Rs.3,000 Crore (Rupees Three Thousand Crore)]. Please find enclosed herewith the Credit Rating Letter received from ICRA Limited dated March 18, 2021. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. Kindly take the above on your records.18-03-2021