ICRA withdraws ratings assigned to Sanghi Industries

Sanghi Industries announced that ICRA has withdrawn the ratings assigned at the request of the company, based on no objection certificate provided by the lenders. The rating has been withdrawn for the following instruments / facilities:

Term loan - ICRA BBB+; Stable (reaffirmed and withdrawn)
Long term fund based limits - ICRA BBB+; Stable (reaffirmed and withdrawn)
Short term fund based limits - ICRA A2 (reaffirmed and withdrawn)
Non fund based limits - ICRA A2 (reaffirmed and withdrawn)

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