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Crisil Ratings report shows Rs 2,904.17 crore allocated for operational payments
30-Jul-2026, 01:43
Crisil Ratings Limited (CRL) has released a monitoring report tracking the use of funds raised by a company, revealing that Rs 2,904.17 crore was allocated to operational payments, specifically lease payments for land, designated as General Corporate Purpose. The vast majority of unutilized funds, Rs 91,207.79 crore, are held in 23 fixed deposit accounts with Federal Bank, ranging in value from Rs 2,500 crore each to a single account with Rs 207.79. The report indicates no delays in the utilization of funds, but CRL includes extensive disclaimers stating the report is not investment advice, does not guarantee accuracy, and limits CRL’s liability, while also disclosing potential conflicts of interest and restricting its distribution to India.
Crisil Ratings Limited (CRL) has released a monitoring report tracking the use of funds raised by a company, revealing that Rs 2,904.17 crore was allocated to operational payments, specifically lease payments for land, designated as General Corporate Purpose. The vast majority of unutilized funds, Rs 91,207.79 crore, are held in 23 fixed deposit accounts with Federal Bank, ranging in value from Rs 2,500 crore each to a single account with Rs 207.79. The report indicates no delays in the utilization of funds, but CRL includes extensive disclaimers stating the report is not investment advice, does not guarantee accuracy, and limits CRL’s liability, while also disclosing potential conflicts of interest and restricting its distribution to India.