Hot Pursuit
V2 Retail Ltd announced rating actions across multiple instruments and agencies, with India Ratings & Research assigning a rating of INDA/Positive/INDA1 to its Fund Based – Working Capital Limits of 1250 million INR and revising the rating of its Fund Based – Working Capital Limits of INR 500 million, also to INDA/Positive/INDA1, with rationale enclosed; additionally, India Ratings upgraded its Bank Loan Facilities to IND A+/Positive/IND A1, valid until September 1, 2026, and Ind-Ra upgraded Bank loan facilities of 1,250 and assigned a rating of IND A/Positive/IND A1 to Bank loan facilities of 500, while also assigning IND A/Positive/IND A1 to Fund Based Working Capital Limit of 500 from HDFC Bank Limited, Fund-based working capital limits of 500 from Bank of Maharashtra, and Fund-based working capital limits of 750 from Punjab National Bank, with details of upgradation available, and noting limited information and no rating data for certain instruments.