The Company had submitted offer to Bailey Properties Private Limited in respect of the Project
Gross NPA and Net NPA as of 31 December 2021 stood at 1.73% and 0.78% respectively, as against 2.45% and 1.10% as of 31 September 2021.
Ten-year yields inched about 1 basis point at 1.8860% after hitting 1.8900%, while five-year yields settled at 1.6795%, marking new two-year highs recorded in the early session.
Birlasoft will hold a meeting of the Board of Directors of the Company on 27 January 2022
The ‘Stable’ outlook indicates a low likelihood of rating change over the medium term.
Revenue recorded a growth of 20% yoy to Rs1,688cr. In dollar terms, revenue was at $225.1 million up by 18% yoy.
This will be the seventh consecutive time, Birla Soft being featured across the named category.
The credit rating agency also reaffirms the ICRA A1+ rating on an enhanced commercial paper limit of the company.
Nazara Technologies and Inox Leisure were also bullish. Dish TV and ZEEL were under pressure.
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