Dish TV up ~10% even as CARE downgrades co's short-term bank facilities

The revision in the rating assigned to the bank facilities of Dish TV India Limited (DTIL) takes into account default in payment of short-term loan due on November 28, 2019

Dec 09, 2019 04:12 IST India Infoline News Service

Dish TV informed the exchanges that CARE Ratings Limited had reviewed the ratings assigned for Company's Bank facilities and based on the said review, CARE has on December 5, 2019 revised the credit ratings on various instruments of the company.

The company's short-term bank facilities of a total of Rs850cr have been revised from CARE A4+ to CARE D.

The revision in the rating assigned to the bank facilities of Dish TV India Limited (DTIL) takes into account default in payment of short-term loan due on November 28, 2019. 
Dish TV India Ltd is currently trading at Rs13.81 up by Rs1.25 or 9.95% from its previous closing of Rs12.56 on the BSE.
The scrip opened at Rs12.51 and has touched a high and low of Rs14.44 and Rs12.51 respectively. So far 3,90,78,119 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs2,312.66cr.

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