“We have noted that Emami Realty Limited (Formerly Emami Infrastructure Limited) has surrendered the aforementioned bank facilities rated by us and there is no outstanding under the said facility as on date. Taking cognizance of this, we hereby withdraw our rating for Emami Realty’s bank facilities, with immediate effect,” Company shared CARE Ratings letter.
At around 1.15 pm, Emami Realty Limited was trading at Rs72.65 per piece up Rs3.45 or 4.99% (5% upper circuit) on the BSE.
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