New Delhi: Bharti Airtel on Friday said CRISIL has assigned ‘CRISIL GVC Level 1’ grading to the company, which is the ‘highest’ level in terms of corporate governance practices.
“We are pleased to inform you that CRISIL has assigned its ‘CRISIL GVC Level 1’ grading to the Company. The grading indicates that the Corporate Governance practices and value creation for all its stakeholders in the Company are at the ‘Highest’ level ,” the company said in a regulatory filing.
According to Crisil’s website, the ability of the entities to grade CRISIL ‘GVC Level 1’ with regard to corporate governance and value creation for all stakeholders is ‘excellent’.
Last month, the telco had reported a net profit of Rs 759 crore for the January-March quarter.
Its revenue grew 17.6 per cent to Rs 25,747 crore for the period under review.
Around 2.07 pm, its shares were trading at Rs 542.50 on BSE, down Rs 2.55 or 0.47 per cent from the previous close.