India Ratings Withdraw Credit Rating for Bank Loan Facilities of Jaiprakash Power Ventures Ltd
India Ratings and Research Pvt Ltd has withdrawn the credit rating assigned to certain bank loan facilities of Jaiprakash Power Ventures Ltd. This action was taken because the company does not plan to utilize any short term bank loans in the future.The withdrawal relates to Bank loan Facilities with a size of issue totaling Rs 5,000 million. The original rating assigned for this instrument was WD, which has now been withdrawn by the ratings agency.
Details regarding the rating and facilities are as follows:
| Instrument Type | Size of Issue (Rs in million) | Rating Assigned | Rating Action |
|---|---|---|---|
| Bank loan Facilities | 5,000 | WD | Withdrawn |
JPPOWER Stock Price Movement
As of 2:06 PM, shares of Jaiprakash Power Ventures Limited shed value in live trading, slipping by 1.13% to reach ₹17.49. The stock traded a volume of 31.08 million shares as the day progresses.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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