Ind Ra affirms rating of Yasho Industries's bank facilities at 'BBB+/Stable'; Stock down 1%

23 Aug 2022 , 11:16 AM

India Ratings gives rating to Yasho Industries’s new limits at ‘IND BBB+’/Stable and also affirms existing ratings.

As per the rating  rationale report, Ind-Ra has taken a consolidated view of Yasho Industries and its wholly-owned subsidiary Yasho Industries Europe B.V. (YIEBV) to arrive at the ratings on account of the robust legal, operational and strategic linkages between them.

At around 11:18 AM, Yasho Industries was trading at Rs1437.15 per share lower by 0.90% on the BSE.

YIL manufactures various chemicals such as aroma chemicals, food antioxidants, lubricant additives, rubber chemicals and specialty chemicals. It has a portfolio of 148 products. Vinod Jhaveri is the promoter of the reputed company.