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| Exchange Received Time 01/12/2018 15:31:37 Exchange Disseminated Time 01/12/2018 15:31:40 Time Taken 00:00:03 | We have received an e-mail communication on 30.11.2018 from ICRA Limited regarding revision of credit rating of the Company.
As mentioned in the said communication, based on the review of the latest developments, the long term rating of the Company has been revised from [ICRA]BBB+ to [ICRA]BBB and the short term rating has been revised from [ICRA]A2 to [ICRA]A3+ . However, ICRA Limited, the rating agency, has not provided any further reason for such revision, which we shall communicate to you once we receive the same from them.
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