CARE revises rating of Digjam’s bank facilities

07 Sep 2012

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Digjam’s long term bank facilities worth Rs 38.71 crore to D from C. The rating agency has also revised rating of the company’s short term bank facilities worth Rs 48.50 crore to D from A4.

Digjam incorporated in 1948, is one of the leading players in clothing and fashion industry. Being part of S K Birla Group Company, it was earlier known as Birla VXL (BVL). Later in May, 2008 the name was changed to present one.

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