Stock Report

ICRA-assigned Credit Rating for Rs 2050.0 crore NCD Programme, Rs 500.0 crore proposed NCD of Mindspace Business Parks REIT



Posted On : 2023-08-31 13:32:59( TIMEZONE : IST )

ICRA-assigned Credit Rating for Rs 2050.0 crore NCD Programme, Rs 500.0 crore proposed NCD of Mindspace Business Parks REIT

The Rating Committee of ICRA, after due consideration, has reaffirmed the long-term rating outstanding on the Rs 2050.0 crore Non-Convertible Debenture (NCD) of Mindspace Business Parks REIT at [ICRA]AAA (Stable) (pronounced ICRA Triple A) and has assigned a long-term rating of [ICRA] AAA (pronounced ICRA Triple A) to the captioned proposed NCD of Rs. 500.0 crore. The Outlook on the long-term rating is Stable. Instruments with [ICRA]AAA rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.

Shares of Mindspace Business Parks REIT was last trading in BSE at Rs. 304.29 as compared to the previous close of Rs. 300.42. The total number of shares traded during the day was 10665 in over 478 trades.

The stock hit an intraday high of Rs. 305.00 and intraday low of 300.00. The net turnover during the day was Rs. 3214584.00.

Source : Equity Bulls

Keywords

MindspaceBusinessParksREIT InvIT INE0CCU25019 MINDSPACE RatingUpdate NCDs