CARE Ratings Limited ("CARE") has revised the rating for Commercial Paper limits of KRBL Ltd. The rating has been revised to CARE A1+ (under credit watch with negative implications).
CARE has revised the rating due to the provisional attachment of properties by the Directorate of Enforcement at Dhuri, Tehsil Sangrur District of Punjab, valuing about Rs. 15 crores, on July 04, 2019 in connection with the Embraer deal case.
KRBL remains committed to maintain highest standards of probity and professional excellence and assures its investors/shareholders, the total and unflinching commitment.
Shares of KRBL LTD. was last trading in BSE at Rs.216.7 as compared to the previous close of Rs. 229.8. The total number of shares traded during the day was 33518 in over 830 trades.
The stock hit an intraday high of Rs. 228 and intraday low of 203. The net turnover during the day was Rs. 7295033.