Announced Thu, 2 Jul · 15:52 IST
Subsidiary gets CARE A- rating for INR 250 cr bank facilities
Credit & Debt View source PDF
SANGHVIMOV · 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
+0.2%1-day move
₹454.00
prior close
₹455.10
base price
After-mkt
timing
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Up moveDown movePending
AI summary
Sanghvi Movers wholly owned subsidiary Sangreen Future Renewables has been assigned a CARE A- (Stable) long term and CARE A2+ short term credit rating by CARE Ratings for bank facilities of INR 250 crores. This is a fresh rating assignment and applies only to the subsidiary entity, not the parent company.
Likely market impact
Minor positive; subsidiary got investment grade rating for INR 250 cr bank facilities to fund its renewable energy business. Parent impact is limited.