Announced Wed, 7 Oct, 2026 · 18:41 IST
ICRA assigns BBB+ Stable rating to Rs 500 crore credit lines
VEEGALAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹142.64
prior close
₹143.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.0-2.7-3.9-5.1——————————
Up moveDown movePending
AI summary
ICRA assigned a BBB+ (Stable) rating to Veegaland Developers for Rs 500 crore total bank limits. Covers Rs 164.71 crore term loans, Rs 93.50 crore overdraft, and Rs 241.79 crore unallocated limits across Axis Bank, HDFC, SBI, ICICI, South Indian Bank and Federal Bank. Rating action is Assigned, meaning a fresh initial rating. BBB+ reflects adequate investment grade credit quality.
Likely market impact
Investment grade BBB+ Stable rating supports borrowing capacity and lender confidence in the company.