Announced Wed, 22 Jul · 18:25 IST
Subsidiary hotel arm gets new credit ratings, old loan fully repaid
SAMHI · price
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Price reaction · full curve 14 horizons · vs prior close
+7.6%1-day move
₹164.01
prior close
₹162.36
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+3.2+3.9+5.0+7.6+9.1————————
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AI summary
CareEdge has rated SAMHI Hotels (Ahmedabad) subsidiary's bank facilities. A new long-term facility of 453.10 crore was assigned CARE A+ Stable. An existing long-term facility was enhanced from 48.60 to 178.60 crore and reaffirmed at A+ Stable. Short-term facility of 16 crore reaffirmed at CARE A1. An older facility's rating was withdrawn after the company received a no-dues certificate from the previous lender, meaning that loan was fully repaid. Ratings remain strong investment grade.
Likely market impact
Strong investment grade ratings maintained. Subsidiary refinanced with larger new facility and fully repaid an old loan.