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Name of Lender Facility/Instrument Amount (Rs. Crore)
HDFC Bank Limited Term Loans 30
MUFG Bank Limited Working Capital Term Loan 145
HDFC Bank Limited Working Capital Term Loan 63
Deutsche Bank Working Capital Term Loan 50
Deutsche Bank Letter of Credit 20
HDFC Bank Limited Bank Guarantee 14
Not Applicable Unallocated Limits 28

*November 08, 2021


The details presented on this page provide an update on the names of lenders, in reference to the total credit facilities of Flender Drives Private Limited rated by ICRA. To access the previous rating rationale: Click Here.


This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021.