Credit rating agency, CRISIL has withdrawn its rating assigned to Pudumjee Industries’ (PIL) bank loan facilities worth Rs 56 crore. Long Term Rating of ‘BBB+/Stable’ has been withdrawn by the Credit rating agency.
PIL is in businesses of manufacturing and sale of hygiene products have been demerged in January 2016 into Pudumjee Paper Products. The company is currently venturing into the real estate business.