CARE Ratings has reviewed the credit ratings of Shemaroo Entertainment Limited on the basis of recent developments including operational and financial performance of the Company for FY21 (Audited) and 9MFY22 (Unaudited) and the possible impact of the same on the credit profile of the company.
The rating on long-term bank facilities Rs221 crore has been revised to CARE BBB; Stable from CARE BBB+; Negative.
At around 10.52 am, Shemaroo Entertainment Ltd was trading at Rs107.50 per piece down by Rs3.95 or 3.54% from its previous closing of Rs111.45 per piece on the BSE.
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