Sai Life Sciences Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015 - ICRA Limited issued its ratings of the Company.
SAILIFE · price
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Awaiting price reaction for this filing.
Sai Life Sciences has received credit ratings from ICRA Limited for its bank facilities aggregating to Rs. 768.60 crore. ICRA assigned [ICRA]AA(Stable) rating to long-term fund-based facilities of Rs. 550 crore and [ICRA]A1+ rating to short-term non-fund-based facilities of Rs. 218.60 crore. The rated facilities are spread across eight banks including SBI, IndusInd Bank, Bank of Baroda, Axis Bank, DBS, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank, with SBI having the largest fund-based limit at Rs. 155 crore. The rating action is described as 'assigned,' indicating these are fresh ratings. The Stable outlook suggests ICRA expects the company's credit profile to remain steady over the near term.
AA(Stable) is a high investment-grade rating reflecting strong financial health and low credit risk, which is positive for shareholders. This rating should help the company access bank funding at competitive rates and signals lender confidence in its business.