Ind-Ra assigns Long-Term Issuer Rating of ‘IND A+' to Anupam Rasayan; stock jumps ~2%

India Ratings and Research (Ind-Ra) has assigned Anupam Rasayan India Limited (ARIL) Long-Term Issuer Rating of ‘IND A+’. The Outlook is Stable.

Ind-Ra assigned the ‘IND A1’ rating to the company’s non-fund-based working capital limits worth Rs32 crore.

Ind-Ra has reviewed total facilities worth Rs710.70 crore.

Long-term instruments include Fund-based working capital limits worth Rs285 crore, and Term loan facilities worth Rs393.70 crore.

At around 3.10 PM, Anupam Rasayan was trading 2.31% higher at Rs767.85 against the previous close of Rs750.50 on NSE. So far, it hit intraday high and low of Rs781.90 and Rs750.55 respectively.

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