Announced Thu, 9 Apr · 17:44 IST
Sandur Manganese & Iron Ores Limited has informed the Exchange about Credit Rating
SANDUMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.2%1-day move
₹196.75
prior close
₹199.98
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.3+0.6+0.9+3.2+5.6+10.7+10.9+8.3+8.9+5.5+19.3+7.2+3.5
Up moveDown movePending
AI summary
ICRA has withdrawn the credit rating on Sandur Manganese's Non-Convertible Debentures (NCDs) of ₹450 crore. The withdrawal follows the completion of early redemption of these NCDs. The previous rating was [ICRA]A+ (Stable). This is a routine administrative action taken when a rated debt instrument is fully repaid. The company has successfully cleared its NCD obligation ahead of schedule.
Likely market impact
This development is neutral to positive for shareholders as the early repayment of ₹450 crore of NCDs reduces the company's debt obligations, indicating healthy financial management and improved balance sheet strength.