CRISIL updates on ratings of Tribhovandas Bhimji Zaveri Limited

CRISIL has reviewed ratings on the bank facilities of Rs. 625 Crores and has withdrawn its ratings on bank facilities of Rs. 110 Crores of Tribhovandas Bhimji Zaveri Limited. This is based on the advice received by them from the Company. The Company has decided to reduce its bank facilities by Rs 110 crores, from Rs 735 crores to Rs 625 crores and has advised CRISIL about this reduction.

- Total Bank Loan Facilities Rated - Rs. 625 Crores
- Long-Term Rating CRISIL BBB+ / Stable (Reaffirmed)

- Total Bank Loan Facilities Rated - Rs. 110 Crores
Long-Term Rating CRISIL BBB+ / Stable (Withdrawn)

CRISIL has reaffirmed its rating and outlook on the bank facilities of the Company at 'CRISIL BBB+ / Stable (Reaffirmed) for the total Bank Loan Facilities Rated of Rs. 625 Crores, vide; CRISIL Rating Rationale Letter dated 14th December, 2020 bearing Letter No. TBZPL/260199/BLR/122002888. CRISIL has withdrawn its rating and outlook on the bank facilities of the Company at 'CRISIL BBB+ / Stable (withdrawn) for the total Bank Loan Facilities Rated of Rs. 110 Crores.

Shares of TRIBHOVANDAS BHIMJI ZAVERI LTD. was last trading in BSE at Rs.48.55 as compared to the previous close of Rs. 46.45. The total number of shares traded during the day was 42351 in over 422 trades.

The stock hit an intraday high of Rs. 49.2 and intraday low of 46.05. The net turnover during the day was Rs. 2026168.

Source : Equity Bulls

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