Nitco Challenges Infomerics Rating

  Published 1 year ago

Nitco disputes Infomerics' rating, citing outdated data, updated debt structure, and a strong liquidity position currently.

  • The company fully repaid debt to Authum and settled obligations with Life Insurance Corporation of India.
  • Current debt consists solely of Rs. 50 crore non‑convertible debentures, 5% interest, maturing in 2028 now.
  • Authum holds Rs. 150 crore preference shares, 0.10% coupon, redeemable starting 2028, and ample cash available.

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