In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 it is hereby informed that Infomerics Ratings has reaffirmed the rating as IVR B+/ Stable Outlook; (IVR B Plus with Stable Outlook) for the Non-Convertible Debentures (NCDs) proposed to be issued by Parsvnath Estate Developers Private Limited a wholly-owned subsidiary company of the Company in various tranches.
A copy of Press Release dated June 25 2020 issued by Infomerics Ratings is attached herewith for your information and records.
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