Credit Bulletin
April 02, 2024 | Mumbai
Update on Riddhi Siddhi Gluco Biols Limited
 
Note: None of the Directors on CRISIL Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings.
This Credit Bulletin is published solely to update the bank-wise facility details in line with RBI requirement. For other sections please refer to the previous Rating Rationale December 14, 2023.

Click Here to access the previous Rating Rationale

 

Annexure - Details of Bank Lenders & Facilities
Facility Amount (Rs.Crore) Name of Lenders Rating
Cash Credit 15 YES Bank Limited CRISIL BBB-/Stable
Cash Credit 25 Kotak Mahindra Bank Limited CRISIL BBB-/Stable
Pledge Loan 35 YES Bank Limited CRISIL A3
Proposed Long Term Bank Loan Facility 248.26 Not Applicable CRISIL BBB-/Stable
Short Term Loan 60 Deutsche Bank CRISIL A3
Term Loan 1.74 YES Bank Limited CRISIL BBB-/Stable
Criteria Details
Links to related criteria
CRISILs Approach to Financial Ratios
Rating criteria for manufaturing and service sector companies
CRISILs Bank Loan Ratings - process, scale and default recognition
CRISIL's approach to Covid-19-related restructuring
Criteria for rating entities belonging to homogenous groups
CRISILs Criteria for Consolidation
Understanding CRISILs Ratings and Rating Scales
CRISILs Criteria for rating short term debt

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