ICRA Credit Rating for Rs. 75.00 crore Bank Facilities of Mallcom India Limited

The Rating Committee of ICRA after due consideration of the recent announcement of MIL in regard to additional investment in Mallcom Safety Private Limited (MSPL), through acquisition of residual stake from its foreign investor; and on the basis of best available information, has retained the long-term rating at [ICRA]A (pronounced ICRA A) for the captioned borrowing programme of your company. The Outlook on the long-term rating is Stable.

Shares of Mallcom (India) Ltd was last trading in BSE at Rs. 745.85 as compared to the previous close of Rs. 727.35. The total number of shares traded during the day was 1170 in over 254 trades.

The stock hit an intraday high of Rs. 775.00 and intraday low of 719.45. The net turnover during the day was Rs. 870221.00.

Source : Equity Bulls

Keywords

MallcomIndia INE389C01015 RatingUpdate MallcomSafety Acquisition