Jan 6 - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of January 5, 2021.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------ ---------
SHORT TERM RATINGS:
-------------------
Aavas Financiers Ltd Proposed CP CARE A1+ 1000 Reaffirmed
Abdos Oils Pvt Ltd ST Bk Fac - - Withdrawn
Abdos Oils Pvt Ltd ST Bk Fac CARE A2 20 -
(Revised from CARE BBB+; Stable)
Balaji Formalin Pvt Ltd ST Bk Fac CARE A3+ 15 Reaffirmed
Beri Udyog Pvt Ltd ST Bk Fac CARE A2 44 Reaffirmed
Bhimani Chemicals Pvt Ltd ST Bk Fac CARE A3 50 Reaffirmed
Blyth Wind Park Pvt Ltd ST Bk Fac CARE A3 20 Reaffirmed
Brijbasi Hi-Tech Udyog Ltd ST Bk Fac CARE A4 100 Reaffirmed
Canara Robeco Mutual Fund ST Bk facility* CARE A1+ 10000 Reaffirmed
(*Facility is extended to 10 debt schemes of Canara Robeco Mutual Fund)
Ceat Ltd ST Bk Fac CARE A1+ 11500 Reaffirmed
Canara Robeco Mutual Fund ST Bk facility^ - - Withdrawn
(^ CARE has withdrawn the outstanding ratings of Rs.400 crore assigned to the bank facilities of
Canara Robeco Mutual Fund with immediate effect. The action has been taken at the request of
Canara Robeco Mutual Fund and ‘No dues certificate’ received from Canara bank that have extended
the facility rated by CARE.)
Ceat Ltd CP CARE A1+ 3500 Reaffirmed
Classic Products Pvt Ltd ST Bk Fac - - Withdrawn
Fermenta Biotech Ltd ST Bk Fac (Non-FBL) CARE A2 62.5 Reaffirmed
Gatik Tea Co. Pvt Ltd ST Bk Fac CARE A4 2.5 Assigned
Grv Spintex Pvt Ltd ST Bk Fac CARE A3 2.5 Reaffirmed
Hdfc Bank Ltd CDs CARE A1+ 400000 Reaffirmed
J And B Engineering And Construction ST Bk Fac CARE A4 90 Assigned
Company
Jagadeesh Marine Exports ST Bk Fac CARE A3 30 Reaffirmed
Jaigad Power Transco Ltd ST Bk Fac CARE A1+ 75 Reaffirmed
Jsw Power Trading Co. Ltd Non-FB - STBG/LC CARE A2+ 750 Reaffirmed
Kotak Mahindra Mutual Fund ST Bk Fac* CARE A1+ 15000 Reaffirmed
(* Facility is extended to four debt schemes of Kotak Mahindra Mutual Fund)
Lkp Infra Projects ST Bk Fac CARE A4 25 Reaffirmed
M. K. Shipping And Allied Industries ST Bk Fac CARE A3 700 Reaffirmed
Pvt Ltd
Mahavir Inductomelt Pvt Ltd ST Bk Fac CARE A3 1230 Reaffirmed
Mahavir Rolling Mill Pvt Ltd ST Bk Fac CARE A3 60 Reaffirmed
Nocil Ltd ST Bk Fac CARE A1+ 800 Reaffirmed
Ongc Tripura Power Co. Ltd ST Bk Fac LC/BG CARE A1+ 1200 Reaffirmed
Ongc Tripura Power Co. Ltd ST Bk Fac TL CARE A1+ 3000 Reaffirmed
Parvati Industries Pvt Ltd ST Bk Fac CARE A4 50 Reaffirmed
Patnaik Minerals Pvt Ltd ST Bk Fac CARE A2 1475.5 Reaffirmed
Precision Plastic Industries Pvt Ltd ST Bk Fac – Non CARE A3 120 Reaffirmed
Fund Based- LC/BG
Limits
Puneet Industries Pvt Ltd ST Bk Fac CARE A3 1000 Reaffirmed
Png Brothers ST Bk Fac CARE BBB; 600 Reaffirmed
Stable /CARE
A3+
Rama Phosphates Ltd ST Bk Fac CARE A3+ 220 Reaffirmed
S K Samanta & Company Pvt Ltd ST Bk Fac CARE A2+ 1800 Reaffirmed
S. Rajendran ST Bk Fac CARE A4; 35 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sanathan Textiles Pvt Ltd ST Bk Fac CARE A3+ 850 Reaffirmed
Scoda Tubes Ltd ST Bk Fac CARE A4 180 Reaffirmed
Sri Ganapathy Enterprises ST Bk Fac CARE A4; 7.5 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
St. Mary’S Cashew Factory ST Bk Fac CARE A3 610 Reaffirmed
Tata Mutual Fund ST Bk Facility* CARE A1+ 50000 Reaffirmed
(*Facility is extended to five debt schemes of Tata Mutual Fund)
MEDIUM TERM RATINGS:
-------------------
Hdfc Bank Ltd Fixed Deposits CARE AAA (FD);- Reaffirmed
Stable
PC Jeweller Ltd Fixed Deposit CARE D (FD) 3000 -
(Rating moved to ISSUER NOT COOPERATING category)
LONG TERM RATINGS:
-------------------
A.S. Motor Pvt Ltd LT Bk Fac CARE BB-; 293 Assigned
Stable
A.S. Motor Pvt Ltd LT / ST Bk Fac CARE BB-; 125 Assigned
Stable /CARE A4
Aavas Financiers Ltd LT Bk Fac CARE AA-; 37620 Reaffirmed
Stable
Aavas Financiers Ltd LT sub-ordinated CARE AA-; 1000 Reaffirmed
debt Stable
Aavas Financiers Ltd LT NCDs CARE AA-; 7950 Reaffirmed
Stable
Abdos Oils Pvt Ltd LT Bk Fac CARE BBB+; 179.7 Reaffirmed
Stable
Alkem Laboratories Ltd LT/ST Working CARE AA+; 3000 Assigned
capital limits Stable /CARE
A1+
Amber Builders LT / ST Bk Fac CARE BB-; 90 -
Stable /CARE
A4;
(Revised from CARE BB; Stable / CARE A4 and moved to ISSUER NOT COOPERATING category)
Amber Builders LT Bk Fac CARE BB-; 50 -
Stable;
(Revised from CARE BB; Stable and moved to ISSUER NOT COOPERATING category)
Ankit India Ltd LT Bk Fac CARE BBB+; 250 Reaffirmed
Stable
Ankit India Ltd LT/ST Bk Fac CARE BBB+; 150 Reaffirmed
Stable/CARE A2
Anupama Steel Ltd LT / ST Bk Fac CARE BBB-; 375 Reaffirmed
Stable /CARE A3
Aravali Transmission Service Co. Ltd LT Bk Fac CARE A; Stable 225 Reaffirmed
Arihant Industrial Corporation Ltd LT Bk Fac CARE BB-; 297.88 -
Negative
(Rating removed from ISSUER NOT COOPERATING category and Revised from CARE BB+; Stable;)
Arihant Industrial Corporation Ltd LT / ST Bk Fac CARE BB-; 95 -
Negative /CARE
A4
(Rating removed from ISSUER NOT COOPERATING category and
Revised from CARE BB+; Stable / CARE A4+;)
Aster Infrahome Pvt Ltd Non -Convertible CARE D 500 -
Debentures
(Rating continues to remain under ISSUER NOT COOPERATING category and
Revised from CARE B+; Stable)
Ayushman Medical Diagnostics Pvt Ltd LT Bk Fac CARE BBB; 570.1 Reaffirmed
Stable
Balaji Formalin Pvt Ltd LT Bk Fac CARE BBB; 630.3 Reaffirmed
Negative
Bansal Pathways (Damoh-Katni) Pvt Ltd LT Bk Fac CARE BBB+; 1593.8 Reaffirmed
Stable
Bansal Pathways (Damoh-Katni) Pvt Ltd LT/ST Bk Fac CARE BBB+; 75 Reaffirmed
Stable /CARE A2
Bansal Steel And Power Ltd LT Bk Fac CARE A-; Stable 805 Assigned
Beri Udyog Pvt Ltd LT Bk Fac CARE BBB+; 1098.5 Reaffirmed
Stable
Bhagwati Air Express Pvt Ltd LT Bk Fac CARE B; Stable 150 Assigned
Bhimani Chemicals Pvt Ltd LT/ST Bk Fac CARE BBB-; 120 Reaffirmed
Stable /CARE A3
Blyth Wind Park Pvt Ltd LT Bk Fac CARE BBB-; 940.2 Reaffirmed
Negative
Brijbasi Hi-Tech Udyog Ltd LT Bk Fac CARE B+; Stable 115.6 Reaffirmed
Ceat Ltd LT Bk Fac CARE AA; Stable 8000 Reaffirmed
Classic Products Pvt Ltd LT Bk Fac CARE BB+; 170 -
Stable
(Rating removed from ISSUER NOT COOPERATING category and Revised from CARE BB; Stable;)
Classic Products Pvt Ltd LT / ST Bk Fac CARE BB+; 90 -
Stable /CARE
A4+
(Rating removed from ISSUER NOT COOPERATING category and
Revised from CARE BB; Stable / CARE A4;)
Dimexon Diamonds Ltd LT Bk Fac CARE BBB+; 4650 Reaffirmed
Negative
Diya Hygiene Flours Pvt Ltd LT Bk Fac CARE BB-; 50 Reaffirmed
Stable
Edelweiss Financial Services Ltd NCD CARE A+; Stable 2000 Assigned
Edelweiss Finvest Ltd NCD CARE A+; Stable 2000 Assigned
Ennore Bulk Terminal Pvt Ltd LT Bk Fac (ii) CARE A+ (CE); 200 -
Stable
(Revised from CARE BBB- and removed from Credit watch with Developing Implications; Stable
outlook assigned)
Ennore Bulk Terminal Pvt Ltd LT / ST Bk Fac CARE A+ (CE); 5 Assigned
(iii) Stable /CARE
A1+ (CE)
Ennore Bulk Terminal Pvt Ltd LT / ST Bk Fac (i)CARE BBB+; 70 -
Stable /CARE
A3+
(Revised from CARE BBB- / CARE A3 and removed from Credit watch with Developing Implications)
Fermenta Biotech Ltd LT Bk Fac (FBL) CARE A-; Stable 990 Reaffirmed
Fermenta Biotech Ltd LT Bk Fac (TL) CARE A-; Stable 681.5 Reaffirmed
Gatik Tea Co. Pvt Ltd LT Bk Fac CARE B; Stable 57.5 Assigned
Grv Spintex Pvt Ltd LT Bk Fac CARE BBB-; 20 Assigned
Negative
Grv Spintex Pvt Ltd LT Bk Fac CARE BBB-; 763.1 Reaffirmed
Negative
Grv Spintex Pvt Ltd LT/ Shortterm Bk CARE BBB-; 33 Reaffirmed
Fac Negative/CARE
A3
Hdfc Bank Ltd Additional Tier I CARE AA+; 150000 Reaffirmed
bonds (Basel III)# Stable
(#: CARE has rated the aforesaid Basel III Compliant Additional Tier I Bonds (Basel III) after
taking into consideration its key features as mentioned below:
• The bank has full discretion at all times to cancel coupon payments.
• The coupon is to be paid out of current year profits. However, if the current year’s profits
are not sufficient, i.e., payment of such coupon is likely to result in losses during the
current year, the balance of coupon payment may be made out of reserves representing
appropriation of net profits, including statutory reserves and excluding share premium,
revaluation reserve, foreign currency translation reserve, investment reserve and reserves
created on amalgamation provided the bank meets the minimum regulatory requirements for Common
Equity Tier I [CET I], Tier I and Total Capital Ratios and capital buffer frameworks as
prescribed by the Reserve Bank of India .
• The instrument may be written-down upon CET I breaching the pre-specified trigger of 5.5%
before March 31, 2019, and 6.125% on and after March 31, 2019, or written-off / converted into
common equity shares on occurrence of the trigger event called point of non-viability (PONV).
The PONV trigger shall be determined by RBI. Any delay in payment of interest/principal (as the
case may be) due to invocation of any of the features mentioned above would constitute as an
event of default as per CARE’s definition of default and as such these instruments may exhibit a
some-what sharper migration of the rating compared with other subordinated debt instruments)
Hdfc Bank Ltd Lower Tier II Bond CARE AAA; 71270 Reaffirmed
Stable
Hdfc Bank Ltd Upper Tier II CARE AAA; 11050 Reaffirmed
Bonds@ Stable
(@: CARE has rated the aforesaid Upper Tier II Bonds after taking into consideration their
increased sensitivity to HDFC Bank’s Capital Adequacy Ratio (CAR), capital raising ability and
profitability during the long tenure of the instruments. The rating factors in the additional
risk arising due to the existence of the lock-in clause in hybrid instruments. Any delay in
payment of interest/principal (as the case may be) following invocation of the lock-in-clause,
would constitute as an event of default as per CARE’s definition of default and as such these
instruments may exhibit a somewhat sharper migration of the rating compared with conventional
subordinated debt instruments.)
Adequacy Ratio
Hdfc Bank Ltd Infrastructure CARE AAA; 300000 Reaffirmed
Bonds Stable
Hdfc Bank Ltd Tier II bond CARE AAA; 100000 Reaffirmed
(Basel III) Stable
Highway Pvt Ltd -{Binjhabahal To LT Bk Fac CARE A-; Stable 4904.7 Reaffirmed
Telebani Section (Km 414.00 To Km
491.71) Of Nh-6 (New Nh-49)}
Ice Make Refrigeration Ltd LT Bk Fac CARE BBB+; 23.9 Reaffirmed
Stable
Ice Make Refrigeration Ltd LT / ST Bk Fac CARE BBB+; 190 Reaffirmed
Stable /CARE A2
Iifl Finance Ltd NCDs (NCD) CARE AA; 8250 Reaffirmed
Negative
Iifl Finance Ltd Subordinated Debt CARE AA; 1000 Reaffirmed
Negative
Iifl Finance Ltd LT Bk Fac CARE AA; 4000 Reaffirmed
Negative
Iifl Home Finance Ltd NCDs CARE AA; 220 Reaffirmed
Negative
Incline Realty Pvt. Ltd LT Bk FacTL* CARE AA+(CE); 4500 Final Rating
Negative Confirmed
(*backed by unconditional and irrevocable corporate guarantee executed by Oberoi Realty Limited
(rated CARE AA+; Negative/CARE A1+) in the favor of lender of Incline Realty Pvt. Ltd. CARE has
obtained legal opinion on Corporate Guarantee as well as other transaction documents provided by
the company.)
J And B Engineering And Construction LT Bk Fac CARE BB-; 140 Assigned
Company Stable
Jagadeesh Marine Exports LT Bk Fac CARE BBB-; 72 Assigned
Stable
Jagadeesh Marine Exports LT Bk Fac CARE BBB-; 864 Reaffirmed
Stable
Jaigad Power Transco Ltd LT Bk Fac CARE A+;Stable 963.5 Reaffirmed
Jaipur Tuffen Glass Industries Pvt Ltd LT Bk Fac CARE B-; Stable 130.2 -
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
K. Girdharlal International Pvt Ltd LT Bk Fac CARE A-; 4000 Reaffirmed
Negative
Ktc Threads Llp LT Bk Fac CARE B; Stable 4.5 Reaffirmed
Ktc Threads Llp LT / ST Bk Fac CARE B; Stable 110 Reaffirmed
/CARE A4
Lkp Infra Projects LT Bk Fac CARE B+; Stable 39.3 -
(Revised from CARE B; Stable)
M. K. Shipping And Allied Industries LT Bk Fac CARE BBB-; 70 Reaffirmed
Pvt Ltd Stable
Mahalaxmi Traders LT Bk Fac - - Withdrawn
(Reaffirmed at CARE BB; Stable (Double B; Outlook:Stable) and Withdrawn)
Mahavir Inductomelt Pvt Ltd LT Bk Fac CARE BBB-; 140 Reaffirmed
Stable
Mahavir Rolling Mill Pvt Ltd LT Bk Fac CARE BBB-; 200 Reaffirmed
Stable
Maru Transmission Service Co. Ltd LT Bk Fac CARE A; Stable 825 Reaffirmed
Mourya Aquex Pvt Ltd LT Bk Fac CARE BBB-; 60 Assigned
Stable
Mourya Aquex Pvt Ltd LT Bk Fac CARE BBB-; 304 Reaffirmed
Stable
Mourya Aquex Pvt Ltd LT / ST Bk Fac CARE BBB-; 600 Reaffirmed
Stable /CARE A3
Muthoot Microfin Ltd -Credavenue Eato Series A2 PTCs CARE A (SO) - -
12 2020
Muthoot Microfin Ltd -Credavenue Eato Series A1 PTCs CARE A+ (SO) - -
12 2020
Naiknavare Buildcon Pvt Ltd NCDs CARE D 800 Reaffirmed
Naiknavare Profile Constructions Pvt NCDs CARE C; Stable 635 Reaffirmed
Naiknavare Profile Constructions Pvt NCDs CARE C; Stable 60 Reaffirmed
Nava Bharat Energy India Ltd LT / ST Bk Fac CARE A- (CE); 200 -
Stable /CARE
A2+ (CE)
(Revised from CARE BBB-; Stable / CARE A3)
Nava Bharat Energy India Ltd LT Bk Fac CARE A- (CE); 500 -
Stable*
(Revised from CARE BBB-; Stable.
*the ratings are based on credit enhancement in the form of an unconditional irrevocable
corporate guarantee extended by holding company; Nava Bharat Ventures Limited (NBVL))
Nocil Ltd LT Bk Fac CARE AA; Stable 1200 Reaffirmed
Ongc Tripura Power Co. Ltd LT Bk Fac TL CARE AA; Stable 18400Reaffirmed
Ongc Tripura Power Co. Ltd LT Bk Fac CC CARE AA; Stable 4140 Reaffirmed
Oriental Hotels Ltd TL CARE A+; 1900 Reaffirmed
Negative
Oriental Sales Corporation LT Bk Fac CARE BB-; 30 -
Stable
(Revised from CARE BB; Stable)
Oriental Sales Corporation LT / ST Bk Fac CARE BB-; 384 -
Stable /CARE A4
(Revised from CARE BB; Stable / CARE A4)
Palmar Mills Pvt Ltd LT Bk Fac CARE BB; Stable 96.6 Reaffirmed
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
Parsa Kente Collieries Ltd LT / ST Bk Fac CARE BBB+; 3150 -
Stable /CARE A2
(Revised from CARE BBB; Positive / CARE A3+)
Parvati Industries Pvt Ltd LT Bk Fac CARE BB+; 390 Reaffirmed
Stable
Pegasus Properties Pvt Ltd NCDs CARE BB-; 1217 -
Stable
(Revised from CARE BB; Stable)
Png Brothers LT Bk Fac CARE BBB; 45 Assigned
Stable
Png Brothers LT Bk Fac CARE BBB; 697.9 Reaffirmed
Stable
Precision Plastic Industries Pvt Ltd LT Bk Fac – TL CARE BBB-; 187.4 Reaffirmed
Stable
(Outlook revised from Negative)
Precision Plastic Industries Pvt Ltd LT Bk Fac – CC CARE BBB-; 350 Reaffirmed
Limit Stable
(Outlook revised from Negative)
Pspn Synergy Pvt Ltd LT Bk Fac CARE BBB-; 502.5 Reaffirmed
Stable
Puneet Industries Pvt Ltd LT Bk Fac CARE BBB-; 110 Reaffirmed
Stable
Rama Phosphates Ltd LT Bk Fac CARE BBB; 550 Reaffirmed
Stable
Ramky Elsamex Hyderabad Ring Road Ltd LT Bk Fac CARE BBB-; 10* Reaffirmed
Stable
(*The bank loan facilities rated by CARE has been entirely pre-paid by the company and the
rating will be withdrawn subsequent to the receipt of No Due Certificate from banker(s).)
Renew Solar Energy (Jharkhand One) Pvt LT Bk Fac CARE A+ (CE); 350 Assigned
Ltd Stable
Renew Surya Aayan Pvt Ltd LT Bk Fac CARE A+ (CE); 400 Assigned
Stable
Ritco Logistics Ltd LT Bk Fac Fund CARE BBB+; 500 Reaffirmed
Based-CC Stable
S K Samanta & Company Pvt Ltd LT Bk Fac CARE A-; Stable 200 Reaffirmed
S. Rajendran LT Bk Fac CARE B; Stable 20 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B+;
Stable)
Samta Energy Pvt Ltd LT Bk Fac – TL CARE A-; Stable 1388.2 -
(Revised from CARE BBB+; Stable)
Sanathan Textiles Pvt Ltd LT Bk Fac CARE BBB; 4971.3 Reaffirmed
Stable
Scoda Tubes Ltd LT Bk Fac CARE BB-; 114.6 Reaffirmed
Stable
Shripaper Product (Indore) Pvt Ltd LT / ST Bk Fac - - -
(Reaffirmed and Withdrawn)
Shripaper Product (Indore) Pvt Ltd LT Bk Fac - - -
(Reaffirmed and Withdrawn)
Sparkle Diam Pvt Ltd LT Bk Fac CARE A- (CE); 200 Reaffirmed
Negative
Sri Ganapathy Enterprises LT Bk Fac CARE B+; 152.5 -
Stable;
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE BB-;
Stable)
Sri Sai Educational Trust LT Bk Fac CARE B-; 46.8 -
Stable;
(Revised from CARE B; Stable; and moved to ISSUER NOT COOPERATING category)
Svatantra Micro Housing Finance LT Bk Fac CARE A+; Stable 3500 Reaffirmed
Corporation Ltd
Svatantra Micro Housing Finance NCDs CARE A+; Stable 531 Reaffirmed
Corporation Ltd
Urban Space Projects Pvt Ltd LT Bk Fac CARE BBB- 1000 Assigned
(CE); Stable
Yogakshemam Loans Ltd NCDs (Proposed) - - Withdrawn
Yogakshemam Loans Ltd LT Bk Fac CARE BBB-; 450 Reaffirmed
Stable
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected
CARE may apply + or - signs for ratings to reflect a comparative standing within the category.
BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.
(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@refinitiv.com)