Star Housing Finance Limited's (SHFL) non-convertible debentures worth 250 Cr and bank loan facilities totaling 450 Cr have been migrated to 'IND D (ISSUER NOT COOPERATING)' by India Ratings and Research.

This action stems from SHFL's lack of participation in the rating exercise and failure to provide updated information despite repeated requests.

Investors should note that the debenture trustee has confirmed the company is currently under default.

This raises significant concerns regarding the company's financial health and transparency.