Omaxe Limited has informed the Exchange about Credit Rating- New
OMAXE · price
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Awaiting price reaction for this filing.
Infomerics Valuation and Rating Limited (IVR) has assigned a credit rating of IVR BB+/Stable (Double B Plus with Stable Outlook) to Bhanu Infrabuild Private Limited, a wholly owned step-down subsidiary of Omaxe Limited. The rating is for the subsidiary's proposed Non-Convertible Debentures (NCDs). The rating action is a fresh assignment dated July 4, 2025, and the intimation has been filed with both BSE and NSE under SEBI Listing Regulations.
BB+ is a non-investment grade (junk) rating, indicating moderate-to-high credit risk for the proposed NCD issuance. The stable outlook suggests the rating agency sees no near-term concern, but the rating level may result in higher borrowing costs for the subsidiary and could concern investors monitoring the group's overall debt profile.