Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 April, 2015 03:27 IST

Source: rss | 01-Apr-15
Comments  |  Post Comment

India Ratings has downgraded MVL Long-Term Issuer rating to 'D' from 'BB-'. The agency has also downgraded MVL's Rs 1,334 million long-term bank loans to Long-Term 'D' from 'BB-'.

The downgrade reflects MVL's inability to service debt obligations. MVL is currently negotiating with its bankers for restructuring the loan repayment schedule.

Shares of the company gained Rs 0.12, or 4.84%, to trade at Rs 2.60. The total volume of shares traded was 145,016 at the BSE (3.30 p.m., Monday).





MVL Limited  

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Tata Power launches bill collection centre for consumers in Andheri & Jogeshwari East - 31-Mar-2015 17:03
Ind-Ra upgrades Uflex to 'A-' from 'BBB+' - 31-Mar-2015 16:20
ICICI Bank inaugurates its 4000th bank branch - 31-Mar-2015 16:14
Nitesh Estates launches high rise condominium project in Bangalore - 31-Mar-2015 15:48
Camson Bio Technologies inks MoU with KCPMC - 31-Mar-2015 15:42
HCC bags MoRTH contract worth Rs 3.92 bn - 31-Mar-2015 15:16
L&T bags defence order worth Rs 14.32 bn for 7 patrol vessels - 31-Mar-2015 14:49
Valecha Engg bags project worth Rs 1.25 bn - 31-Mar-2015 13:32
Petron Engineering bags order worth Rs 847.1 mn - 31-Mar-2015 12:02
Religare remains positive on HDFC Bank - 31-Mar-2015 11:43
Nomura revises HCL Tech target price on 1:1 bonus issue - 31-Mar-2015 11:14
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer