Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Shrenuj & Company’s long-term bank facilities worth Rs 1271 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities worth Rs 240 crore.
The company has received the rating reaffirmation on the back of its strength from the experience, resourcefulness and track record of the promoters in the Gems and Jewellery industry, DTC sight holder status, strong marketing network, well-diversified presence across the globe and established clientele, and consistent growth in operations.
Shrenuj & Company is an integrated Gems and Jewellery (G&J) conglomerate, having presence across 15 countries with activities ranging from diamond processing, jewellery manufacturing, branding and retailing.
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