Market & News

Arvind has received reaffirmation in credit ratings from CARE for various debt instruments as under:

Long term bank facilities (Rs 1242.15 crore) - CARE AA-; Negative
Long/ short term bank facilities (Rs 1368 crore) - CARE AA-; Negative/ CARE A1+
Short term bank facilities (Rs 811.01 crore) - CARE A1+
Outstanding NCDs (Rs 225 crore) - CARE AA-; Negative
Proposed NCDs (Rs 125 crore) - CARE AA-; Negative

Atul will hold a meeting of the Board of Directors of the Company on 23 October 2020.

Mandarin Oriental Hotel Group and The Oberoi Group announced a long-term strategic alliance that will see the two groupsjointly collaborating across a range of initiatives. This unique partnership creates a platform for the two organisations to work more closely together while retaining each brand's unique heritage and identity.

Kansai Nerolac Paints will hold a meeting of the Board of Directors of the Company on 3 November 2020.

Gujarat State Fertilizers & Chemicals has received reaffirmation in credit ratings from CARE as under:

Long term bank facilities - CARE AA+
Short term bank facilities - CARE A1+

Cummins India has appointed Steven Chapman (DIN:00496000) as an Additional Director (Non-Executive and NonIndependent) and Chairman of the Board w.e.f. 01 October 2020.

Bosch will hold a meeting of the Board of Directors of the Company on 6 November 2020.

Amal will hold a meeting of the Board of Directors of the Company on 16 October 2020.

Rane Holdings will hold a meeting of the Board of Directors of the Company on 11 November 2020.

Raymond announced that a portion of an Office building at the company premises at P.O. Jekegram, Pokharan Road No. 1, Thane (West) has been affected by fire. The fire has been contained by the Fire Officers & Regional Disaster Management Cell Officials and the damage is being assessed. There are no injuries or casualties.

The affected building is adequately insured and business of the Company continues normally.