Sahyadri Industries Ltd announced credit rating upgrades and assignments from ICRA for various banking facilities, including Long-term — Fund-based instruments of Rs 75.00 crore, upgraded from [ICRA]A- (Stable) to [ICRA]JA (Stable) linked to RBI Term loan, and Short term — Non-fund-based instruments of Rs 143.5 crore, upgraded from [ICRA]A2+ to [ICRA]AL; further Long-term — Fund-based instruments of Rs 180.957 crore were also upgraded from [ICRA]JA- (Stable) to [ICRA]JA (Stable) linked to Cash credit, alongside a Short term Non-fund-based instrument of Rs 1435 upgraded to A- (Stable); ICRA also assigned ratings of [ICRA]A (Stable) to Cash Credit facilities from HDFC Bank Limited (Rs 68.44 crore), ICICI Bank Limited (Rs 20.00 crore), The Cosmos Co Operative Bank Limited (Rs 14.48 crore), YES Bank Limited (Rs 48.03 crore), proposed facilities of Rs 30.00 crore, Term loans from HDFC Bank Limited (Rs 75.00 crore), Non Fund-Based Facilities from The Cosmos Co Operative Bank Limited (Rs 0.82), ICICI Bank Limited (Rs 5.00), VES Bank Limited (Rs 0.70), HDFC Bank Limited (Rs 6.56), with a sensitivity label indicating ratings are subject to review.
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: