Kings Infra Ventures Ltd updates on NCD rating

CRISIL Ratings Limited ("Credit Rating Agency") has rated the bank facilities and the Non-Convertible Debentures of Kings Infra Ventures Limited ("the Company") as under:

Total Bank Loan Facilities Rated - Rs. 21.7 Crore

Long Term Rating - CRISIL B+ / Stable (Assigned)
Short Term Rating - CRISIL A4 (Assigned)

Rs.12.5 Crore Non Convertible Debentures - CRISIL B+ / Stable (Assigned)

The rating reflects KIVL's small scale of operations exposed to intense competition and working capital intensive nature of operations. These weaknesses are partially offset by its extensive industry experience of the promoters and moderate financial risk profile.

Shares of Kings Infra Ventures Limited was last trading in BSE at Rs. 99.80 as compared to the previous close of Rs. 102.10. The total number of shares traded during the day was 38780 in over 133 trades.

The stock hit an intraday high of Rs. 104.10 and intraday low of 99.05. The net turnover during the day was Rs. 3902173.00.

Source : Equity Bulls

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KingsInfraVentures INE050N01010 RatingUpdate