CRISIL Ratings upgraded U GRO Capital Limited's long-term rating to "CRISIL A/Stable".
CRISIL Ratings upgraded U GRO Capital Limited's long-term rating on bank loans and non-convertible debentures to "CRISIL A/Stable" from "CRISIL A-/Positive." The upgrade reflects U GRO's robust business prospects, extensive operating network, and comfortable capitalization levels, as well as improved resource diversity. Since its inception, U GRO has raised significant equity capital, reaching Rs 1,240 crore, and its assets under management (AUM) have increased to Rs 8,364 crore as of December 31, 2023.
March 20, 2024
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