Sanghvi Movers subsidiary gets CARE A- rating on 250cr bank facilities

New Credit FacilityCredit & Debt View source PDF

SANGHVIMOV · price

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▲ 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

+0.2%1-day move

₹454.00

prior close

₹455.10

base price

After-mkt

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AI summary

CARE Ratings assigned A- Stable (long term) and A2+ (short term) ratings to bank facilities worth INR 250 crores for Sangreen Future Renewables, a wholly owned material subsidiary of Sanghvi Movers. The rating is an initial assignment, indicating fresh credit assessment for the subsidiary's renewable energy venture.

Likely market impact

Positive - subsidiary secured investment grade rating on 250cr facilities, supporting new renewables business. Limited direct impact on parent.