Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Provogue’s long term bank facilities worth Rs 224.52 crore and ‘A3+’ rating to company’s Short term Bank Facilities worth Rs 25.47 crore. The ratings assigned to the bank facilities of Provogue India (PIL) continue to derive strength from the experience of the management and the promoters in the field of retail and trading operations, moderate gearing levels and PIL’s widespread and increasing presence in the retail segment through franchise model.
Provogue (India) is engaged in retailing of apparels and accessories in men and women segment. Provogue fashions and accessories were available across 124 Provogue stores and 104 national chain store locations.
