Piramal Enterprises said that CARE Ratings has re-affirmed credit rating for Long Term Non-Convertible Debentures to CARE AA; Stable and Commercial Paper to CARE A1+.
The board of directors of TVS Motor Company will meet on 28 April 2020 for considering the issuance of listed, rated, unsecured, redeemable, non-convertible debentures on a private placement basis.
Torrent Pharmaceuticals informed that India Ratings and Research (Ind-Ra) has affirmed the company's Long-Term Issuer Rating at 'INDAA'. The outlook is stable.
KNR Constructions said that the company's SPVs has re-commenced the collection of user fee (toll) on all the NHAI projects.
N.R. Agarwal Industries informed that production has commenced in Unit 1 of the company with effect from 21 April 2020. The same has been done with relevant permissions from the Government Authorities and with due adherence of all safety measures.
Welspun Corp said that the company has partially resumed production from pipe facilities at Jamunia, Near Bhopal (Madhya Pradesh), with full compliance to the safety conditions of operation, as stipulated in the administrative permission received w.r.t. COVID-19.
Navneet Education said that CRISIL has re-affirmed credit rating of the company's Commercial Paper to CRISIL A1+ (CRISIL A One Plus).
Tanla Solutions' board approved buyback of equity shares at Rs 81 per equity share, payable in cash, for an aggregate amount not exceeding Rs 154 crore. The board of directors also noted the intention of the promoters and members of the promoter group of the company of not participating in the proposed buyback.
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