Manaksia Steels Ltd Shifts Credit Rating Agency from CARE Ratings to ICRA
Manaksia Steels Ltd has transitioned its credit rating agency, moving away from CARE Ratings Limited and appointing ICRA Limited for its ratings needs.The company has formally requested this shift in its financial profiling. As a direct consequence of the transition request, Care Ratings Limited has withdrawn all ratings previously assigned to Manaksia Steels Ltd's Bank Loan facilities.
Care Ratings confirmed the withdrawal as part of their standard procedure following the request from the company, noting that the rating was associated with the bank loan facilities. The management of Manaksia Steels is moving forward with ICRA Limited for its credit ratings requirements going ahead.
MANAKSTEEL Stock Price Movement
Shares of Manaksia Steels Limited slipped by 4.99% on Friday after the stock closed at ₹84.43. The equity traded within a volatile range, briefly hitting an intraday high of ₹89.90 before finishing amidst a considerable decline that saw 175,980 shares change hands.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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