Shakti Pumps (India) Limited has received credit rating actions from India Ratings & Research Private Limited for its bank loan facilities.
According to the company’s disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, India Ratings has assigned an IND AA-/Stable/IND A1+ rating to bank loan facilities of ₹850 crore.
The rating agency has also affirmed the IND AA-/Stable/IND A1+ rating for bank loan facilities amounting to ₹1,310 crore.
The rating actions were based on recent developments, including the company’s operational and financial performance, according to the disclosure.
Shakti Pumps has submitted the rating information to the stock exchanges and requested that the disclosure be taken on record.
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