CARE Ratings has reaffirmed CARE BBB+ and assigned a negative outlook on long-term bank facilities Rs221cr (enhanced from Rs219cr) of
Shemaroo Entertainment Limited. The rating has been removed from credit watch and negative implications.
“On the basis of recent developments including the operational and financial performance of your Company for FY20 (Audited) and 9MFY21 (Unaudited) and the possible impact of the same on the credit profile of your company our Rating Committee has reviewed the following ratings,” company shared CARE Ratings statement in a regulatory filing on Thursday.
Ata round 10.05 am, Shemaroo Entertainment Ltd was trading at Rs70.70 per piece down by Rs0.3 or 0.42% on the BSE.
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