- Short Term Bank Facilities (Non-Fund Based) upgraded from "CARE A4+; Under credit watch with positive implications" to "CARE A3"

The rating assigned to proposed Non-Convertible Debenture (NCD) issue has been withdrawn at the request of the company, as company does not have any plans to issue NCD over medium term" name="description">
- Short Term Bank Facilities (Non-Fund Based) upgraded from "CARE A4+; Under credit watch with positive implications" to "CARE A3"

The rating assigned to proposed Non-Convertible Debenture (NCD) issue has been withdrawn at the request of the company, as company does not have any plans to issue NCD over medium term" />
- Short Term Bank Facilities (Non-Fund Based) upgraded from "CARE A4+; Under credit watch with positive implications" to "CARE A3"

The rating assigned to proposed Non-Convertible Debenture (NCD) issue has been withdrawn at the request of the company, as company does not have any plans to issue NCD over medium term" />
- Short Term Bank Facilities (Non-Fund Based) upgraded from "CARE A4+; Under credit watch with positive implications" to "CARE A3"

The rating assigned to proposed Non-Convertible Debenture (NCD) issue has been withdrawn at the request of the company, as company does not have any plans to issue NCD over medium term" />
 
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CARE upgrades rating of Wockhardt Ltd



Posted On : 2020-08-28 07:54:36( TIMEZONE : IST )

CARE upgrades rating of Wockhardt Ltd

CARE Ratings Limited (CARE Ratings) has revised Wockhardt Ltd's ratings for:

- Long-Term Bank Facilities (Fund Based) upgraded from "CARE BB+; Under credit watch with positive implications" to "CARE BBB-; Stable"; and

- Short Term Bank Facilities (Non-Fund Based) upgraded from "CARE A4+; Under credit watch with positive implications" to "CARE A3"

The rating assigned to proposed Non-Convertible Debenture (NCD) issue has been withdrawn at the request of the company, as company does not have any plans to issue NCD over medium term.

CARE Ratings has revised the Company's ratings on account of improvement in company's liquidity position over medium term owing to execution of business transfer agreement with Dr. Reddy's Laboratories Limited in June, 2020.

Shares of WOCKHARDT LTD. was last trading in BSE at Rs.328 as compared to the previous close of Rs. 324.05. The total number of shares traded during the day was 108096 in over 1757 trades.

The stock hit an intraday high of Rs. 335 and intraday low of 324.1. The net turnover during the day was Rs. 35527736.

Source : Equity Bulls

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