Epic Research Update : MSR India

MSR India has acquired 20.4 million shares of Farmax India. Recently, Credit rating agency, CARE had reaffirmed D rating to Farmax India’s Long-term Bank Facilities worth Rs 108.49 crore and D rating to Short-term Bank Facilities worth Rs 2.00 crore. The ratings continue to take into account the delays in servicing of debt obligations.

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