CARE reaffirms ratings on Mayur Uniquoters' bank facilities

Short-term ratings has been reaffirmed to CARE A1+.

Oct 04, 2021 03:10 IST India Infoline News Service

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Mayur Uniquoters Ltd has informed that CARE Ratings Agency has rated for bank facilities of Rs165.04cr.

The long-term ratings has beed reaffirmed to CARE AA with Stable outlook.

Further, short-term ratings has been reaffirmed to CARE A1+.

The ratings assigned to the bank facilities of Mayur Uniquoters Limited (MUL) continue to derive strength from over four decades of experience of its promoter in the artificial leather industry.

On Monday, Mayur Uniquoters ended at Rs464.90 apiece up by Rs3.85 or 0.84% on the BSE. The current market cap of the company is Rs2,055.25cr.

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