Care revised rating

SUB: CARE rating for Non convertible Cumulative Redeemable Preference Shares of Rs.150 Crs, Rs.156 Crores and Rs.20 Crores issued by the Company

This is to inform that Credit Analysis & Research Ltd. (CARE) has revised the ratings for the Cumulative Non-Convertible Redeemable Preference Shares (CRPS) issued by the Company. The revised ratings stand CARE BBB(RPS) (TRIBLE B) for all the CRPS Issues.