Corporate Actions

Back

NELCO Ltd's debt instruments reaffirmed as “[ICRA]BB+” and “BB+” by rating agencies

26-Aug-26 21:20 Hrs IST

NELCO Ltd announced credit rating actions across its various debt instruments by multiple agencies, including ICRA Limited, CARE Ratings Limited, and India Ratings & Research. ICRA Limited has reaffirmed its rating of “[ICRA]BB+” on the long-term bank loan facilities of Rs 235.00 crore, and “[ICRA]BB+” on the short-term bank loan facilities of Rs 75.00 crore, with a stable outlook; CARE Ratings Limited has reaffirmed its rating of “BB+” on the long-term bank loan facilities of Rs 235.00 crore, and “A2+” on the short-term bank loan facilities of Rs 75.00 crore; India Ratings & Research has also reaffirmed its rating of “[IND]BB+” on the long-term bank loan facilities of Rs 235.00 crore, and “[IND]A2+” on the short-term bank loan facilities of Rs 75.00 crore, with a stable outlook, with no changes or withdrawals noted by any of the rating agencies.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.