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ICRA AA (Stable) rating assigned to proposed NCD issue of Godrej Industries Ltd

Posted On: 2019-11-20 21:44:09


ICRA Limited has assigned "[ICRA] AA (Stable)" rating to Godrej Industries Limited's proposed issue of Non-Convertible Debentures of upto Rs.1,500 Crore (Rupees One Thousand Five Hundred Crore). Instruments with this rating indicate high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. The outlook on the long-term rating is Stable.

Shares of GODREJ INDUSTRIES LTD. was last trading in BSE at Rs.444.75 as compared to the previous close of Rs. 443.4. The total number of shares traded during the day was 4073 in over 271 trades.

The stock hit an intraday high of Rs. 453.85 and intraday low of 441.75. The net turnover during the day was Rs. 1815896.


Source: Equity Bulls

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