On the proposed term loan Rs100 crore IND A/Positive has been assigned. For the Term loan, an Rs80 crore rating has been Withdrawn.
The transaction is undertaken at arm's length basis.
Bhagania's resignation is effective from February 22, 2022.
The Equity Shares shall also be subject to lock in requirements as per the provisions of SEBI Regulations, 2018.
Federal-Mogul Goetze (India) jumped 8.14% to Rs 271.70 after Pegasus Holdings III, LLC, made an open offer to buy 25.02% of the fully diluted voting share capital of the company.
Indus Towers Ltd has lost 10.83% over last one month compared to 7.46% fall in S&P BSE Telecom index and 3.66% drop in the SENSEX
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