28 Jan 2022 , 12:10 PM
CARE Ratings Limited has withdrawn the ratings of ‘CARE D’ assigned to the bank facilities of Setco Automotive Limited (SAL) with immediate effect, as the company has repaid the aforementioned bank facilities and term loan in full and there is no amount outstanding under the facility/loan as on date.
At around 12:11 PM, Setco Automotive was trading at Rs16.95 apiece up by Rs0.7 or 4.31% against previous closing of Rs16.25 apiece on the BSE.
Setco Automotive Limited (SAL) is engaged in manufacturing of clutches for Medium and Heavy Commercial Vehicles (MHCV) and markets it under brand name ‘LIPE Clutches’.
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