CRISIL rating has assigned credit ratings on the bank facilities Rs300cr of Shankara Building Products Limited. The long-term rating of the company has been assigned at CRISIL BBB+/Stable and a short-term rating at CRISIL A2.
“All ratings assigned by CRISIL Ratings are kept under continuous surveillance and review,” the company shared CRISIL’s rating rationale in a filing on Tuesday.
Shankara Building Products Ltd stock trade on Wednesday ended at Rs607.45 per share up by Rs9.55 or 1.6% from its previous closing of Rs597.90 per share on the BSE.
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