Vadilal Industries receives ratings action from India Ratings and Research

Vadilal Industries announced that India Ratings and Research (Ind-RA) has affirmed Vadilal Industries Long-term issuer rating at 'IND BBB'. The Outlook is Negative.

The instrument-wise rating actions are as follows:

Term Loan - IND BBB/Negative (Affirmed)
Fund-based bank facilities - IND BBB/Negative (Affirmed)
Non-fund-based Bank facilities - IND A3+ (Affirmed)

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