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Last Updated : Jan 15, 2019 09:56 AM IST | Source: Moneycontrol.com

Relaxo Footwears gains after ICRA upgrades rating

The stock gained as much as 1.6 percent on the BSE, quoting at Rs 763.20.

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Shares of Relaxo Footwears rose over 1 percent intraday in early trade on January 15 after ICRA upgraded the company's long term rating.

ICRA raised the company's long term rating to "AA" with a stable outlook from "AA-" with a positive outlook.

The stock gained as much as 1.6 percent on the BSE, quoting at Rs 763.20.

ICRA upgraded the rating "for enhanced limit of Rs 189.71 crore of term loans and fund based facilities of the company," Relaxo Footwears said in a statement.

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First Published on Jan 15, 2019 09:37 am
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