Corporate Actions

Back

Hester Biosciences sees credit rating upgrades from CARE Ratings, including facility adjustments

27-Aug-26 20:52 Hrs IST

Hester Biosciences Ltd announced upgrades to its credit ratings from multiple agencies, reflecting information regarding an upgrade in credit rating. CARE Ratings upgraded Long-term Bank Facilities, Long-term / Short-term Bank Facilities, and Short-term Bank Facilities, with ratings of BBB; Stable, BBB+; Stable, BBB; Stable/ A3 +, BBB+; Stable/ A2, and A3 + and A2 respectively, while also upgrading Long Term Bank Facilities from CARE BBB; Stable to CARE BBB+; Stable with a reduced sanctioned amount from 66.25 to 48.45, and Long Term / Short Term Bank Facilities from CARE BBB; Stable / CARE A3+ to CARE BBB+; Stable / CARE A2, alongside upgrading Short Term Bank Facilities from CARE A3+ to CARE A2; CARE Ratings Ltd. also noted a review with the status of "ISSUER NOT COOPERATING" for certain Bank Facilities, and indicated potential annual surveillance/review, along with monitoring of bank facilities, while CareEdge Ratings indicated that ratings reflect opinions as on the date of the rating, and N/A agencies provided no rating data.

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.