Manba Finance Ltd. has announced credit rating actions from both CARE Ratings Limited and CARE Ratings Ltd., resulting in several enhancements and withdrawals across various instruments. CARE Ratings Limited upgraded long-term bank facilities and multiple non-convertible debentures (amounting to Rs 500.00, Rs 100.00, Rs 166.50, and Rs 50.00) from CARE BBB+ to CARE A-; Stable, while also assigning a CARE A-; Stable rating to another tranche of non-convertible debentures of Rs 100.00 and upgrading a further tranche of Rs 166.50 and Rs 25.00 from CARE BBB+ to CARE A-; Stable, alongside withdrawing ratings for several NCDs with ISINs INE939X07135, INE939X07168, INE939X07143, INE939X07150, and INE939X08034 due to full repayment. CARE Ratings Ltd. mirrored these actions, upgrading the same long-term bank facilities and non-convertible debentures to CARE A-; Stable, assigning a rating of CARE A -; Stable to a Rs 100.00 tranche, and withdrawing ratings for corresponding instruments, while also noting the repayment of a term loan of Rs 425.00 and proposed issuances of additional debt.
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources received through WhatsApp, Telegram, SMS, Calls, etc., and take an informed decision before investing.
Report unsolicited messages to the Stock Exchange on +91 8291833676 or email: feedbk_invg@nse.co.in
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: