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Aksharchem under pressure after CARE reviews credit ratings on its bank facilities

The rating on long-term/short-term bank facilities of the company has been reaffirmed at CARE A+; Stable/ CARE Al+.

January 13, 2022 11:00 IST | India Infoline News Service
AksharChem India Ltd
CARE Ratings Limited has reviewed the ratings on the bank facilities of Aksharchem (India) Limited and reaffirmed the rating for the short-term bank facilities and long-term/short-term bank facilities. Further CARE Ratings Limited has also assigned the rating for long-term bank facilities.

The rating on long-term/short-term bank facilities of the company has been reaffirmed at CARE A+; Stable/ CARE Al+. For short-term bank facilities CARE Al+ was reaffirmed and long-term bank facilities CARE A+; Stable rating was assigned.

At around 11.02 AM, AksharChem (India) Ltd was trading at Rs465 per piece down by Rs8.25 or 1.74% from its previous closing of Rs473.25 per piece on the BSE.

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