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CRISIL withdraws rating assigned to Pudumjee Industries’ bank loan facilities

17 Feb 2018 Evaluate

Credit rating agency, CRISIL has withdrawn its rating assigned to Pudumjee Industries’ (PIL) bank loan facilities worth Rs 56 crore. Long Term Rating of ‘BBB+/Stable’ has been withdrawn by the Credit rating agency.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.

Peers
Company Name CMP
Bajaj Finserv 1862.40
TVS Holdings 12902.10
Cholamandalam Fin. 1495.00
Altius Telecom Infra 175.50
Kama Holdings 2269.15
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