ICRA Withdraws Credit Rating on Sandur Manganese & Iron Ores Ltd's Non-Convertible Debentures
ICRA has withdrawn the credit rating on the Non-Convertible Debentures of Sandur Manganese & Iron Ores Ltd following the early redemption of these instruments.The rating action was reported in a table detailing the instrument and the change in credit assessment.
| Instrument | Rated Amount (in Crore) | Rating Action |
|---|---|---|
| Non-Convertible Debentures | 450 | [ICRA]A+ (Stable); Withdrawn [Updated from 'A+(Stable); assigned'] |
The company confirmed the withdrawal of the rating from ICRA subsequent to the completion of the early redemption of the Non-Convertible Debentures.
SANDUMA Stock Price Movement
Sandur Manganese & Iron Ores Limited shares today edged higher, settling at ₹196.92 after gaining 1.29%. The equity closed on a notable volume of 1.65 million shares, trading throughout the day between ₹191.7 and ₹203.39.Source:
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