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| Exchange Received Time 16/03/2017 13:14:37 Exchange Disseminated Time 16/03/2017 13:14:46 Time Taken 00:00:09 | | Pursuant to Regulation 30(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that credit rating agency ICRA Limited has revised long term rating of Line of credit to [ICRA]A from [ICRA]A+ and reaffirmed short term rating at [ICRA]A1. The outlook on the long term rating is 'Stable'. The revision in long term rating takes into account the sub-par performance of Building Products and PEB impacted by the demonetization initiative by the Indian Government, significant increase in the prices of steel and adverse impact of foreign exchange fluctuations. |
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