CARE Ratings Assign/Reaffirm Ratings for SAMHI Hotels Ltd. and Subsidiaries
CARE Ratings Limited has issued ratings for the bank facilities of SAMHI Hotels Limited (SHL) and its subsidiaries, Argon Hotels Private Limited and Bargue Hotels Private Limited. The ratings cover various long term and short term bank facilities.According to the ratings provided, SAMHI Hotels Limited received confirmation and assignment of ratings for its bank facilities.
The ratings for SAMHI Hotels Limited are detailed as follows:
| Facilities | Amount (INR crore) | Rating | Rating Action |
|---|---|---|---|
| Long Tem Bank Facilities | 228.32 | CARE A+; Stable | Reaffirmed |
| Long Term / Short Term Bank Facilities | 50 | CARE A+; Stable/ CARE Al | Assigned |
| Long Term / Short Term Bank Facilities | 0.68 | CARE A+; Stable/ CARE Al | Reaffirmed |
The rating agency also provided ratings for the bank facilities of the company's subsidiary, Argon Hotels Private Limited.
| Facilities | Amount (INR crore) | Rating | Rating Action |
|---|---|---|---|
| Long Term / Short Term Bank Facilities | 20 | CARE A+; Stable/ CARE Al | Assigned |
| Long Term Bank Facilities | 8430 | CARE A+; Stable | Assigned |
Additionally, CARE Ratings Limited issued ratings on the bank facilities for Bargue Hotels Private Limited.
| Facilities | Amount (INR crore) | Rating | Rating Action |
|---|---|---|---|
| Long Term / Short Term Bank Facilities | 208.79 | CARE A+; Stable | Assigned |
| Long Term Bank Facilities | 40 | CARE A+; Stable/ CARE Al | Assigned |
Stock Price Movement
Samhi Hotels Ltd shares closed Monday at ₹156.55, marking a decline of 0.85% in after-hours trading. During the trading session, the stock covered a significant range, moving between a low of ₹151.30 and a high of ₹159.00.Source:
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