ICRA Assigns Credit Rating to ACME Sidlaghatta Solar Energy's Long-Term Term Loan
Acme Solar Holdings Limited announced that ICRA Limited has assigned a credit rating to the long-term fund-based term loan of ACME Sidlaghatta Solar Energy Private Limited. The company noted that ACME Sidlaghatta Solar Energy Private Limited operates as a wholly owned subsidiary of Acme Solar Holdings Limited.The rating assignment covered the long-term fund-based term loan facility, detailing the current rating status and the amount covered.
The credit rating assignment details are as follows:
| Instrument | Rated Amount (Rs. in crore) | Rating Action |
|---|---|---|
| Long-term - Fund-based - Term loan | 57.24 | [ICRA]A-(Stable); Assigned |
ACME Solar Holdings Limited stated that the detailed rating rationale issued by the credit rating agency is available for review.
ACMESOLAR Stock Price Movement
Shares of Acme Solar Holdings Limited on Tuesday slipped by 0.45%, settling at ₹295.5. Trading saw a volume of 927,035 shares, as the stock ranged between a day low of ₹292.85 and a high of ₹307.3.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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