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Godrej Industries Ltd. has announced credit rating actions from ICRA Limited, including an assignment of the rating [lCRA] AA+ (Stable) for a proposed additional issue of Non-Convertible Debentures (NCDs) amounting to approximately Rs 1,500 Crore, alongside reaffirmations for existing instruments such as Non-Convertible Debentures (approximately Rs 7,200 Crore), a Commercial Paper Programme of approximately Rs 3,500 Crore, and various other instruments totaling approximately Rs 500 Crore, Rs 2,150 Crore, Rs 2,000 Crore, Rs 2,800 Crore, Rs 50 Crore, and Rs 200 Crore, all carrying the [ICRA] AA+ rating; ICRA has also reaffirmed the [ICRA] A1+ rating for the Commercial Paper Programme of approximately Rs 3,500 Crore, noting a very strong degree of safety regarding timely payment, and reaffirmed ratings of [ICRA] AA+ for fund-based cash credit of Rs 90 Crore, fund-based term loans of Rs 246 Crore, and a long-term/short-term unallocated limit of Rs 1,678 Crore, alongside an [ICRA] A1+ rating for short-term non-fund-based facilities of Rs 126 Crore and a long-term/short-term unallocated limit of Rs 1,678 Crore, with RBI oversight, while also assigning a rating of [ICRA]AA+(Stable) for NCDs of Rs 1,500.00 and reaffirming ratings for NCDs of Rs 2,150.00 and Rs 2,000.00 under SEBI, and noting a rating is valid throughout life for NCDs of Rs. 250 crore, subject to review.
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