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Published on 12/07/2018 3:49:26 PM | Source: Dion Global Solutions Ltd.

CARE upgrades Aditya Birla Finance debt instruments

Aditya Birla Capital on Thursday said that CARE Ratings has upgraded the ratings of the Subordinated Debt Instruments of Aditya Birla Finance to CARE AAA with a stable outlook. “CARE Ratings Limited has upgraded the ratings of the Subordinated Debt Instruments of Rs. 550 Crore (Rupees five hundred and fifty crore only) issued by Aditya Birla Finance Limited, wholly owned subsidiary of the Company, from CARE AA+ with a Positive Outlook to CARE AAA with a Stable Outlook,” Aditya Birla Capital said in a filing to the Bombay Stock Exchange. Meanwhile, shares of company were trading at Rs 131.20 apiece, up 0.46 per cent, from previous close on the BSE at 14:05 hours.