ICRA Assesses Emkay Global Financial Services Limited Debt Instruments with Ratings Reaffirmation and Assignment
Emkay Global Financial Services Ltd has received credit ratings from ICRA Limited concerning its various financial instruments, including Non-convertible debentures (NCDs) and bank lines. The assessments were completed by the agency on July 31, 2026.ICRA assigned and reaffirmed ratings across both debt categories, covering a total rated amount of Rs. 1,000 crore across different instruments.
Credit Rating Summary
The financial standing of Emkay Global Financial Services Ltd was assessed based on the following instrument details:| Instrument | Rated Amount (Rs. Crore) | Rating Action & Agency |
|---|---|---|
| Non-convertible debentures (NCDs) | 100.00 | ICRA BBB+ (Stable) / Reaffirmed and outlook revised to Stable from Positive |
| Long term/ Short term Fund based/ Non-fund based bank lines | 800.00 | ICRA BBB+ (Stable); assigned / ICRA A2+; Reaffirmed and assigned on enhanced amount |
Details of Debt Instrument Ratings
Regarding the Non-convertible debentures, the agency issued two related ratings based on specific tranches or instruments. One instrument, rated at Rs. 100.00 crore, was granted the rating [ICRA]BBB+ (Stable), with its outlook revised to Stable from Positive. A second NCD instrument, also valued at Rs. 100.00 crore, was assigned the rating [ICRA]BBB+ (Stable).For the bank lines, which total Rs. 800.00 crore, ICRA assigned and reaffirmed a rating of [ICRA] BBB+ (Stable); assigned / [ICRA]A2+. This facility was confirmed with an enhanced amount.
The ratings from ICRA Limited are specific to the terms and conditions of the instruments as communicated by Emkay Global Financial Services Ltd. Investors and lenders are advised that the ratings should be treated solely as an opinion and not as a recommendation to buy, sell, or hold the rated instruments.
EMKAY Stock Price Movement
On Friday, Emkay Global Financial Services Limited shares gained 2.22% on a strong close, settling at ₹241.75 per share. The equity saw robust interest throughout the session, with the stock trading over 10,348 times during the market hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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