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Tag Archives: India Ratings

Ind-Ra affirms ratings assigned to Strides Shasun’s bank facilities

Credit rating agency, India Ratings and Research (India-Ra) has affirmed Strides Shasun’s (SSL) long-term issuer rating at ‘A’ with stable outlook. Strides Shasun (formerly known as Strides Arcolab) is engaged in manufacturing, sale and export of pharmaceutical products. It offers general tablets, hard gelatin and soft gelatin capsules, sachets, potent ... Read More »

India Ratings affirms M&M’s long-term issuer rating at ‘AAA’

India Ratings and Research (Ind-Ra) has affirmed the Mahindra & Mahindra’s (M&M) long-term issuer rating at ‘AAA’. The outlook is stable. Ind-Ra continues to take a consolidated view of M&M after excluding its financial services subsidiary Mahindra & Mahindra Financial Services. M&M is the flagship company of the Mahindra Group, ... Read More »

Union Bank of India raises Rs 500 crore via bonds

Union Bank of India has issued 5,000 Non-Convertible, Unsecured Subordinated Basel III Compliant Perpetual Debt Instruments eligible for inclusion in Additional Tier 1 Capital on May 3, 2017. The Bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 500 crore on private placement ... Read More »

Union Bank of India raises Rs 750 crore via bonds

Union Bank of India has raised Rs 750 crore by issuing 7,500 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments for inclusion in additional tier-I capital.  The bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 750 crore on private placement basis. ... Read More »