LEAP India544865Credit rating upgrade
India Ratings upgrades LEAP India bank loan facilities to IND A+/Stable/IND A1+ from IND A/IND A1
By ScoutQuest · · 1 min read
35.11%KKR shareholding in LEAP as of August
- Rating Action
- IND A+/Stable / IND A1+ (upgraded from IND A / IND A1+)
- Rated Bank Loan Facilities
- INR 10,509.70 million
- Post-IPO Deleveraging
- INR4,800 million raised, INR3,600 million debt prepaid
- Agency
- India Ratings and Research
- Action
- Upgraded
India Ratings upgrades LEAP India bank loan facilities to IND A+/Stable/IND A1+ from IND A/IND A1.
IND A+Upgraded · India Ratings and Research
PreviouslyIND ANowIND A+
Press release date
Rating letter date
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More numbers
- Size of issue / rated limits - bank loan facilities10,509.70 (INR million)
- Primary equity capital raised through IPOINR4,800 million
- Debt prepaid from IPO proceedsINR3,600 million
- Consolidated revenue from operations FY267,320.6 (INR million)
- Consolidated EBITDA margin FY2649.7 (%)
- KKR shareholding in LEAP as of August 202635.11%
- Unencumbered cash and cash equivalents as of March 2026INR1,130 million
- Revenue from operations 1QFY27INR2,034 million
Source: BSE · 15 Oct 2026
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