
Nile Ltd's Bank Facilities Receive Reaffirmation from CARE Ratings Limited
Nile Ltd has received a credit rating reaffirmation from CARE Ratings Limited regarding its bank facilities, as of July 1, 2026. The ratings cover both long-term and short-term facilities based on the company's operational and financial performance for FY26 (Audited).CARE Ratings Limited reviewed Nile Ltd’s credit profile and reaffirmed the existing ratings for the bank facilities provided to the company.
The ratings assigned were:
- Long Term Bank Facilities were rated CARE A-; Stable and Reaffirmed.
- Short Term Bank Facilities were rated CARE A2+ and Reaffirmed.
Long Term Bank Facility Details
CARE Ratings reviewed a total of ₹60.00 crore in long-term bank facilities provided to Nile Ltd. The breakdown of these facilities across the lending banks is as follows:| Name of Bank / Lender | Rated Amount (₹ crore) | Remarks |
|---|---|---|
| HDFC Bank Ltd. | 40.00 | CC/WCDL |
| Kotak Mahindra Bank Ltd. | 20.00 | CC/WCDL/PCFC |
| Total | 60.00 |
Short Term Bank Facility Details
For short-term banking needs, Nile Ltd has facilities totaling ₹30.00 crore, which were also reaffirmed by the rating agency. The details of the short term facilities are presented in the table below:| Name of Bank / Lender | Rated Amount (₹ crore) | Remarks |
|---|---|---|
| Kotak Mahindra Bank Ltd. | 20.00 | LC/BG/SBLC |
| HDFC Bank Ltd. | 10.00 | LC/BG |
| Total | 30.00 |
In total, CARE Ratings Limited covered bank facilities amounting to ₹90.00 crore for Nile Ltd. The rating process was based on the company's performance and assessed the impact of these developments on its credit profile.
NILE Stock Price Movement
Nile Limited shares closed today, edging higher by 1.56% after settling at ₹1745.90. The equity traded within an intraday range, moving from a low of ₹1701.1 to a high of ₹1759.9.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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