Credit rating agency CARE has upgraded the Long Term Loans (including Working Capital Limits) of D. B. Corp from ‘CARE AA (Double A)’ to ‘CARE AA+ (Double A plus)’.
Recently, DB Corp’s subsidiary company - DB Power is planning to raise Rs 2,625 crore to part-finance its mega power project in Chhattisgarh.
DB Corp is the only media conglomerate that enjoys a leadership position in multiple states, in multiple languages and is a dominant player in its all major markets. The company’s other business interests also span the radio segment through the brand - MY FM - radio station with presence in 7 states and 17 cities and a strong online presence in internet portals.
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