11 Apr 2022 , 11:32 AM
As per rationale report, non fund-based limits worth Rs154 crore has been affirmed at IND A1.
Ind Ra expects an improved business profile with a higher level of scale, integration and value-added products, leading to a substantial improvement in the operating profitability and the net leverage reducing below 2.5x, all on a sustained basis, could result in a positive rating action.
At around 11:38 AM, Sangam (India) was trading at Rs309.95 per piece at 0.65% against previous closing at Rs307.95 per piece on Sensex
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