Puravankara Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

We hereby inform that India Ratings and Research (Ind-Ra) has upgraded Puravankara Limited's Long-Term Issuer Rating to 'INDA-' from 'IND BBB+'. The Outlook is Positive. The instrument-wise rating action is as follows:<BR> <BR> Instrument Type: Fund-based working capital facility<BR> Size of Issue (million) : INR1,000 <BR> Rating/ Outlook: IND A-/Positive <BR> Rating Action: Upgraded<BR>