Gujarat Ambuja issue gets `AAA' rating
Mumbai: HSBC Securities and Capital Markets (India) Pvt Ltd have arranged an Rs 100-crore fixed bond rate issue of Gujarat Ambuja Cements Ltd (GACL).

The privately placed non-convertible debentures have maturity on 10 January 2007 and carry an interest rate of 9.28 per cent.

The issue was assigned IND `AAA' rating by Fitch Ratings India Private Ltd and received a positive response.
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