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Ind-Ra assigns credit rating on bank loan facilities of Banswara Syntex; Stock trades higher

The credit rating agency assigned IND A1 rating on Non-Fund Based Limits Rs780 million and IND tA / Stable rating on Fixed Deposits Rs480 million.

December 31, 2021 11:38 IST | India Infoline News Service
Bullish
India Rating and Research (Ind-Ra) has assigned Credit Rating in respect to the total Bank Loan facilities of Banswara Syntex Limited. The long-term rating Rs2197.30 million assigned was IND A- / Stable. On Fund Based limits Rs300 million IND A- Stable was assigned.

The credit rating agency assigned IND A1 rating on Non-Fund Based Limits Rs780 million and IND tA / Stable rating on Fixed Deposits Rs480 million.

At around 11.42 am, Banswara Syntex Ltd was trading at Rs230 per piece up by Rs2.55 or 1.12% from its previous closing of Rs227.45 per piece on the BSE.
The scrip opened at Rs233.45 and has touched a high and low of Rs233.85 and Rs227.25 respectively.

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