ICRA has assigned a rating of AAA (stable) to Rs 1.15 billion non convertible debenture programme and reaffirmed the rating of AAA(stable) to Rs 350 million (reduced from Rs 1.50 billion) subordinate debt programme of GRUH Finance (GRUH).

ICRA has a rating  outstanding  of A1+ for  the  Rs 55.00  billion short  term  debt programme of GRUH. ICRA also has a rating outstanding of MAAA (pronounced M triple A) for the fixed deposits programme of GRUH. The outlook on the medium-term rating is stable.

Shares of the company declined Rs 3.15, or 0.96%, to trade at Rs 325.55. The total volume of shares traded was 11,021 at the BSE (2.55 p.m., Tuesday).