ScoutQuest7 Oct 2026
Veegaland Developers544923New rating assigned

ICRA BBB+; Stable assigned on Rs.500 crore of Veegaland Developers bank facilities

500 (Rs. crore)Total rated bank facilities
Long-term unallocated limits rated241.79 (Rs. crore)
Long-term fund-based term loan rated164.71 (Rs. crore)
Long-term fund-based overdraft rated93.50 (Rs. crore)
Total rated bank facilities 500 (Rs. crore): Long-term unallocated limits rated 241.79 (Rs. crore), Long-term fund-based term loan rated 164.71 (Rs. crore), Long-term fund-based overdraft rated 93.50 (Rs. crore).
Rating Assigned
[ICRA]BBB+(Stable)
Total Long-Term Bank Facilities Rated
Rs.500.00 crore
Fund-based Term Loan
Rs.164.71 crore
Agency
ICRA
Action
Assigned

ICRA BBB+; Stable assigned on Rs.500 crore of Veegaland Developers bank facilities.

[ICRA]BBB+Assigned · ICRA
Assigned by ICRA · [ICRA]BBB+ · outlook Stable.
Rating assigned
ICRA rating communication
Rating assigned 25 Sep 2026 · ICRA rating communication 7 Oct 2026
More numbers
  • Long-term fund-based term loan rated164.71 (Rs. crore)
  • Long-term fund-based overdraft rated93.50 (Rs. crore)
  • Long-term unallocated limits rated241.79 (Rs. crore)
  • Total rated bank facilities500 (Rs. crore)
  • Axis Bank overdraft facilities rated83.00 (Rs. Crore)
  • Federal Bank term loans rated80.00 (Rs. Crore)
  • Axis Bank term loans rated50.00 (Rs. Crore)
  • South Indian Bank term loans rated34.40 (Rs. Crore)
Source: BSE · 7 Oct 2026

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