India Ratings & Research (Ind-Ra) has reaffirmed the rating of Long Term Bank Facilities & Non-Convertible Debentures of JMC Projects (India) Limited (outstanding amount: Rs220cr) as IND AA-/Stable.
It has assigned the rating to recently issued and allotted Non-Convertible Debentures of the Company (outstanding amount: Rs99cr) as IND AA- /Stable.
Further, the credit rating agency has reaffirmed the rating as IND Al+ to Short Term Bank Facilities of the Company.
At around 11.16 AM, JMC Projects (India) Ltd was trading at Rs103.60 per piece up by Rs1.05 or 1.02% from its previous closing of Rs102.55 per piece on the BSE.
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