Hot Pursuit
Transpek Industry Ltd announced that ICRA reaffirmed the ratings for its various debt instruments, including Bank Facilities (short and long term) amounting to 99.75 and 40.56, rated [ICRA]A+(Stable) and [ICRA]A1 respectively, both with RBI stipulations, alongside a reaffirmed [ICRA]A1 rating for Fixed Deposits totaling 140.31, also subject to RBI guidelines. Additionally, ICRA reaffirmed [ICRA]A+(Stable)/[ICRA]A1 for Axis Bank Limited Fund/NonFund-based Limits (59.75), ICICI Bank Limited Fund/NonFund-based Limits (20.00), and Kotak Mahindra Bank Limited Fund/NonFund-based Limits (20.00), all maturing on September 22, 2026, and reaffirmed [ICRA]A1 for Axis Bank Limited NonFund-Based Facilities (25.56), ICICI Bank Limited NonFund-Based Facilities (10.00), and Kotak Mahindra Bank Limited NonFund-Based Facilities (5.00), also maturing on September 22, 2026, alongside a reaffirmed [ICRA]A+ (Stable) rating for Financial Sector Regulator Fixed Deposits amounting to 30.00, while ICRA Limited also noted that Debt Securities carry a rating of Not Specified, with the borrowing limit subject to regulatory authority guidelines.