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Tejas Networks' debt instruments reaffirmed by ICRA, supported by RBI and multiple lenders

28-Oct-26 19:12 Hrs IST

Tejas Networks Ltd has announced reaffirmations and assignments by ICRA for various debt instruments. ICRA has reaffirmed the rating of [ICRA]A+(Stable)/[ICRA]A1+ for Fund based limits amounting to 4,127.0, Non Fund based facilities amounting to 40.0, Term Loan amounting to 1,833.0, and Commercial Paper amounting to 500.0, with the reaffirmations also applying to these instruments when backed by the Reserve Bank of India (RBI). Additionally, ICRA has reaffirmed the rating of [ICRA]A1+ for a Short term borrowing programme amounting to 500.0, also backed by the RBI. Several term loans from Axis Bank (450.0), Bank of Baroda (306.0), DBS (477.0), EXIM Bank (450.0), RBL Bank (150.0), and other lenders, along with newly assigned term loans and fund-based limits, have all been assigned a rating of [ICRA]A+(Stable)/[ICRA]A1+ with amounts ranging from 1.0 to 466.0, and Non Fund-Based Facilities amounting to 40.0 have also been assigned [ICRA]A+(Stable)/[ICRA]A1+.

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