Wockhardt gets CARE BBB- rating on proposed Rs200cr NCD issue; stock up 1%

CARE Ratings has assigned the said rating on account of improvement in the Company’s liquidity position, the company said.

Apr 07, 2021 03:04 IST India Infoline News Service

Wockhardt
Wockhardt Limited informed the exchanges Tuesday that CARE Ratings Limited has assigned the company’s proposed Non-Convertible Debenture issue aggregating to Rs200cr a rating of CARE BBB- with a Stable outlook.

CARE Ratings has assigned the said rating on account of improvement in Company’s liquidity position,” the company said in a regulatory filing on Tuesday.

Towards close of trade on Wednesday, Wockhardt Ltd was trading at Rs464.05 per piece up Rs4.45 or 0.97% from its previous closing of Rs459.60 per piece on the BSE.

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