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KDDL rises on CRISIL rating upgrade for bank debt

Short-term bank loan facilities has been upgraded to CRISIL A3+ and long-term to CRISIL BBB/Stable

SI Reporter  |  Mumbai 

Shares of were up over 3% at Rs 315 on the Bombay Stock Exchange after the company announced that rating agency has upgraded the company's short-term and

The rating on the company's has been upgraded to A3+ from A3 earlier.

Further, the rating on the company's has been upgraded to CRISIL BBB/Stable from CRISIL BBB-/Stable earlier.

The stock opened at Rs 308 and touched a high of Rs 318. At 11:30am, nearly 6,000 shares were traded on the BSE.

First Published: Thu, December 17 2015. 11:31 IST
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