Avantel Ltd Receives Updated Credit Ratings for Bank Facilities
Avantel Ltd received updated credit ratings for its bank facilities from CARE Ratings Limited on April 9, 2026. The ratings cover long-term, short-term, and combined long-term/short-term bank facilities, bringing the total rated bank facilities to Rs.249.50 crore.The ratings assigned or reaffirmed by the credit rating agency are detailed below.
| Facility Type | Amount | Rating Status | Assigned/Reaffirmed Rating |
|---|---|---|---|
| Long-term bank facilities | ₹25.00 crore | Assigned | CARE A-; Stable |
| Long-term bank facilities | ₹99.00 crore | Reaffirmed | CARE A-; Stable |
| Long-term/short-term bank facilities | ₹110.50 crore | Reaffirmed | CARE A-; Stable / CARE A2+ |
| Short-term bank facilities | ₹15.00 crore | Reaffirmed | CARE A2+ |
These updates pertain to the credit ratings for Avantel Ltd's bank facilities.
AVANTEL Stock Price Movement
Shares of Avantel Limited are gaining momentum, pushing toward ₹153.26 as of 12:33 PM, riding a 3.74% surge in live trading. The stock's positive move is supported by investor interest, with trading volume currently tracking at 1.46 million shares.Source:
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