Crisil Ratings assigns A+/Stable rating for total bank loan facilities of Acme Solar Holdings' subsidiaries
Acme Solar Holdings Limited saw its subsidiaries receive favorable credit assessments from Crisil Ratings regarding their total bank loan facilities. Crisil assigned a Long Term Rating of A+/Stable to both ACME Eco Clean Energy Private Limited and ACME Pokhran Solar Private Limited, according to the ratings information.The ratings cover key aspects of the subsidiaries' financial stability as assessed by the rating agency.
ACME Eco Clean Energy Private Limited
The rating for ACME Eco Clean Energy Private Limited pertains to its total bank loan facilities, which were rated at Rs.657.08 Crore. Crisil Ratings assigned a Long Term Rating of A+/Stable to the company.
Details regarding the ratings for ACME Eco Clean Energy Private Limited are presented below:
| Category | Detail |
|---|---|
| Total Bank Loan Facilities Rated | Rs.657.08 Crore |
| Long Term Rating | Crisil A+/Stable (Assigned) |
| Regulator of Instrument | RBI |
ACME Pokhran Solar Private Limited
Similarly, ACME Pokhran Solar Private Limited also received a strong rating for its total bank loan facilities. The company was assigned the Crisil A+/Stable (Assigned) Long Term Rating for its total bank loan facilities amounting to Rs.310.74 Crore.
The ratings assigned to ACME Pokhran Solar Private Limited are as follows:
| Category | Detail |
|---|---|
| Total Bank Loan Facilities Rated | Rs.310.74 Crore |
| Long Term Rating | Crisil A+/Stable (Assigned) |
| Regulator of Instrument | RBI |
ACMESOLAR Stock Price Movement
Acme Solar Holdings Limited shares edged higher in the market today, concluding the session at ₹365.85 after gaining 0.67% or ₹2.45. The stock witnessed solid activity throughout the day, with approximately 2.1 million shares traded during the closing period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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