Equity

Share India Securities Ltd announced that Acuité Ratings & Research Limited (“Acuité”) has taken rating actions on certain debt instruments/facilities, resulting in upgrades and subsequent withdrawals of ratings, alongside withdrawals without assignment of any rating, following the provision of necessary information to Acuité; specifically, Acuité upgraded and withdrew ratings for Bank Loan Ratings with a quantum of Rs 2.00 crore (ACUITE A+) and Rs 949.00 crore (ACUITE A1+), while withdrawing ratings for Bank Loan Ratings of Rs 68.00 crore, Non-Convertible Debentures of Rs 150.00 crore, and Bank Loan Ratings of Rs 381.00 crore, all deemed “Not Applicable”; the company had previously transitioned credit rating arrangements to CRISIL Ratings Limited (“CRISIL”), and Acuité’s ratings were previously accompanied by the comment “Issuer not co-operating,” with the existing debt instruments/facilities of the Company continuing to be rated by CRISIL.