Credit Rating- Revision

NELCO LimitedNELCO · Filed with the exchange

CRISIL Ratings has placed Nelco's Long Term (CRISIL A) and Short Term (CRISIL A1) bank facilities on 'Watch Developing', revising the outlook from 'Stable'. This stems from Nelco's ~Rs 191 Cr debt-funded investment in Lunar Holdco.

CRISIL is evaluating the transaction's impact on Nelco's business and financial risk profile.

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