Arman Financial Services Limited has informed the Exchange about Credit Rating- New for Issuance of NCD of Rs. 125.00 Crore
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Arman Financial Services Limited has obtained a new credit rating from a rating agency for its proposed issuance of Non-Convertible Debentures (NCDs) worth Rs. 125 crore. The rating has been assigned specifically for this new debt instrument, which the company plans to raise from the market. The announcement does not specify the actual rating grade assigned or the name of the rating agency in the headline. This is a standard pre-issuance compliance requirement before launching the NCD public or private offering.
The company is planning to raise Rs. 125 crore through NCDs, which will increase its debt obligations and may dilute equity but provides fresh capital for business expansion. Shareholders should look for the actual rating grade to gauge the company's creditworthiness and borrowing cost implications.