India Ratings and Researh Private Limited's (Ind-Ra) assigned following Credit Ratings to Polyplex Corporation Limited's following Term Loan and Working Capital facilities:
a) "IND A+/Stable" for Long term Loans of INR 1.50 Billion. (Maturity date FY24);
b) "IND A+/Stable/lND A1+" for Fund-based working capital limits of INR 2.07 Billion;
c) "IND A+/Stable/lND A1+" for Non Fund- based working capital limits of INR 0.48 Billion,
At the request of the Company and after receiving No-Objection Certificates from the Company's bankers, CARE Ratings Limited has withdrawn its rating(s) of 'CARE A+; Stable/CARE A 1+' [Single A Plus; Outlook: Stable/A One Plus] assigned to the Company's various bank facilities, with immediate effect.
Shares of POLYPLEX CORPORATION LTD. was last trading in BSE at Rs.300 as compared to the previous close of Rs. 365.25. The total number of shares traded during the day was 7371 in over 616 trades.
The stock hit an intraday high of Rs. 360 and intraday low of 293. The net turnover during the day was Rs. 2281618.