CRISIL vide its communication uploaded on its website today, has downgraded its rating on Non-Convertible Debentures of Rs. 6,000 crores and has re-affirmed its rating on CP Programme of Rs. 2,000 crore of erstwhile Vodafone Mobile Services Limited (VMSL), which has since been migrated to Vodafone Idea Limited (the Company) pursuant to amalgamation of VMSL with the Company.
The rating on Non-Convertible Debentures has been revised from CRISIL AA- (Negative Outlook) to CRISIL A+ (Negative Outlook).
The rating on Commercial Paper has been reaffirmed as CRISIL A1+.
Shares of Vodafone Idea Ltd was last trading in BSE at Rs.37.75 as compared to the previous close of Rs. 37.9. The total number of shares traded during the day was 1881635 in over 3507 trades.
The stock hit an intraday high of Rs. 38.35 and intraday low of 36.55. The net turnover during the day was Rs. 70621253.