JSW Energy Ltd (JEL) has informed that CARE Ratings Limited (CARE) has withdrawn their rating assigned to the Non-Convertible Debentures of Rs300 crore as the same has been fully paid by the Company.
The rating agency has withdrawn the rating as the company has repaid the aforementioned NCD issue and there is no amount outstanding under the issue as on date, according to the rationale report.
JEL is in the business of power generation and transmission primarily in the states of Karnataka, Maharashtra, Rajasthan, and Himachal Pradesh.
On Monday at around 2:04 PM, JSW Energy was trading at Rs324.50 apiece down by Rs15.8 or 4.64% against previous closing of Rs340.30 apiece on the BSE.
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