Ind-Ra upgrades rating on Arvind Smart Spaces Rs300 crore term loan to A/Positive

24 Feb 2022 , 10:05 AM

Indian Ratings and Research (Ind-Ra) has upgraded/assigned/withdrawn the various ratings of Arvind Smart Spaces Limited. 

The ratings on the proposed term loan of Rs300 crore ((increased from Rs220 crore) have been upgraded to IND A/Positive. On the proposed term loan Rs100 crore IND A/Positive has been assigned.

For the Term loan, the Rs80 crore rating has been Withdrawn due to full payment by the company.

At around 10.08 am, Arvind Smart Spaces Limited was trading at Rs191.55 per share down Rs8.00 or 4.01% on the BSE.