Mahanagar Telephone Nigam Ltd announced several rating actions and reaffirmations across various instruments by Brickwork Ratings India Pvt Limited and BWR. Brickwork Ratings initiated a review of bonds amounting to 6500.00, while BWR reaffirmed ratings including BWR AA+ (CE) with a removed Rating Watch with Negative Implications and an upgraded Outlook for bonds of the same amount, alongside a reaffirmation of BWR AAA (CE)/Stable for another 6500.00 of bonds, and a BWR D rating for unsupported bonds totaling 6500.00, alongside reaffirmations for Regulator Bonds of 4361.40 and SEBI Bonds of 2138.60, with assignments of AAA (CE)/Stable ratings for bonds with ISINs INE153A08089 and INE153A08097, and a downgrade for bonds (ISIN: INE153A08089) due to an inability to fund the designated Trust & Retention Account, alongside defaults on bank loans and a total debt of 35425.26.
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.
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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: