IOL Chemicals and Pharmaceuticals Limited — Credit Ratings, 30-10-2024: Credit Rating

IOL Chemicals and Pharmaceuticals Limited announced that CARE Ratings has reaffirmed its credit ratings for enhanced banking facilities. The long-term bank facilities have been increased to Rs. 200 crore with a rating of CARE A+ (Stable), and short-term bank facilities have been raised to Rs. 500 crore with a rating of CARE A1+. The total facilities now amount to Rs. 700 crore, reflecting positive enhancements from previous ratings.