CARE Ratings Limited has reaffirmed the ratings for instruments of
Arvind Limited and the outlook revised from Negative to Stable. For long-term bank facilities Rs1,052.19cr (Reduced from Rs1124.45cr) CARE AA-; Stable has been reaffirmed (outlook revised from Negative to Stable).
The credit rating agency has also reaffirmed CARE AA-; Stable/ CARE Al+ on long/short-term bank facilities Rs1,148.32cr of the company (outlook revised from Negative to Stable).
On the short-term bank facilities Rs766.01cr of the company, CARE Al+ rating has been reaffirmed. For Non-Convertible Debentures Rs75cr CARE AA-; Stable rating was reaffirmed (outlook revised from Negative to Stable).
Arvind Ltd ended at Rs124.75 per piece down by Rs6.25 or 4.77% from its previous closing of Rs131 per piece on the BSE.