CRISIL Limited updates on ratings of Godrej Industries Limited

CRISIL Limited has assigned "CRISIL A1+" [pronounced "CRISIL A one plus"] rating to Godrej Industries Limited's issue of Commercial Paper Programme of upto ₹2,500 Crore (Rupees Two Thousand Five Hundred Crore) [enhanced from ₹2,000 Crore (Rupees Two Thousand Crore) to ₹2,500 Crore (Rupees Two Thousand Five Hundred Crore)].

Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

CRISIL Limited has assigned "[CRISIL]AA (Stable)" [pronounced "CRISIL double A (Stable)"] rating to the Company's proposed additional issue of Non-Convertible Debentures of upto ₹2,000 Crore (Rupees Two Thousand Crore). Further, CRISIL Limited has re-affirmed the existing credit rating for the already issued and listed Non-Convertible Debentures of ₹3,000 Crore (Rupees Three Thousand Crore).

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Shares of Godrej Industries Limited was last trading in BSE at Rs. 438.45 as compared to the previous close of Rs. 434.75. The total number of shares traded during the day was 3042 in over 270 trades.

The stock hit an intraday high of Rs. 441.50 and intraday low of 436.10. The net turnover during the day was Rs. 1333827.00.

Source : Equity Bulls

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GodrejIndustries INE233A01035 RatingUpdate