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CARE revises rating of Pochiraju Industries’ bank facilities

12 Jun 2015 Evaluate

Credit rating agency, CARE has revised rating of Pochiraju Industries’ long term bank facilities worth Rs 44.73 crore to ‘D’ from ‘BB’. The revision in the rating of Pochiraju Industries (PIL) takes into account delays in servicing of debt obligations owing to the stretched liquidity position of the company.

Pochiraju Industries is currently focusing on three business segments - Agri Business, Pharmaceuticals and Bio-Technology & Life Sciences. The organizational structure of the company is designed for effective management of multiple business, while retaining focus on each one of them.

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