Nelco Credit Rating
CRISIL Ratings has placed Nelco Limited's bank loan ratings under 'Rating Watch with Developing Implications'. The total rated facility amount is ₹218.3 Crore.
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CRISIL Ratings has placed Nelco Limited's bank loan ratings under 'Rating Watch with Developing Implications'. The total rated facility amount is ₹218.3 Crore.
Nelco Limited has entered a strategic partnership and investment with Elveo Mobile to provide next-generation direct-to-device and IoT connectivity services in South Asian markets.
Nelco Limited has acquired Lunar Holdco, Inc. (doing business as Elveo Mobile) via a USD 20 million subscription to Compulsorily Convertible Debentures.
Nelco Ltd is investing USD 20 million (approx. ₹190 Crore) in Lunar Holdco, Inc. via Compulsorily Convertible Debentures to establish a strategic partnership for satellite-based connectivity services.