ASIAN GRANITO INDIA LTD. - Issuance of commercial Papers of an aggregate amount of Rs. 20 crores

Asian Granito India Ltd has informed BSE that the Company issued Commercial Paper of an aggregate amount of Rs. 20 crore on May 24, 2016, which have been rated ICRA by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.<BR><BR>The aggregate Commercial Paper outstanding as on date is Rs. 40.00 crore.