Gufic BioSciences receives ratings action from ICRA

Gufic BioSciences announced that ICRA has assigned the following credit ratings taking into consideration the impending Scheme of Amalgamation of Gufic Lifesciences with the Company and their respective shareholders and creditors.

Long term fund based working capital - ICRA BBB; Stable (assigned)
Short term letter of credit - ICRA A3+ (assigned)
Short term bank guarantee - ICRA A3+ (assigned)

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