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CARE assigns credit rating to Religare Enterprises' wholly-owned subsidiary

RBL already has the existing credit rating of [ICRA] A4@ - 'on watch with negative implications' from ICRA.

December 27, 2021 11:23 IST | India Infoline News Service
Religare Enterprises Ltd has informed that Religare Broking Limited, a wholly owned subsidiary of the Company (RBL) has been assigned with a credit rating CARE A3 (A Three) for its short term bank facilities of upto Rs350cr from CARE Ratings Limited, on December 23, 2021.

RBL already has the existing credit rating of [ICRA] A4@ - 'on watch with negative implications' from ICRA, said company.

At around 11:20 AM, Religare Enterprises was trading at Rs134.40 apiece up by Rs0.6 or 0.45% from its previous closing of Rs133.80 apiece on the BSE.

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