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| Exchange Received Time 19/04/2018 18:16:07 Exchange Disseminated Time 19/04/2018 18:16:09 Time Taken 00:00:02 | In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that CRISIL has downgraded the rating, assigned to Rs 200 Crores Non-Convertible Debentures of Parsvnath Landmark Developers Private Limited, a wholly owned subsidiary company of the Company, to 'CRISIL B+/ Stable' from 'CRISIL BB-/Negative'.
A copy of Rating Rationale issued by CRISIL is enclosed herewith, for information and records.
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