Indiabulls Ventures Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

This is to inform you that the rating committee of rating agency Infomerics has assigned short term rating 'IVR A1+' to commercial paper programme of Indiabulls Ventures Limited.<BR> <BR> Infomerics noted the following in assigning the ratings:<BR> - Strong promoters and brand name<BR> - Experienced Management<BR> - Increased focus on the lending portfolio<BR> - Comfortable gearing ratio with infusion of fresh capital<BR> - Good resource raising ability<BR> - Well-designed Risk Management practices<BR> - Profitable operation<BR>