Credit RatingsCredit Rating
ICRA has placed Tribhovandas Bhimji Zaveri Limited's fund-based working capital and term loans of Rs. 915 Cr on rating watch with positive implications, retaining the [ICRA]A- / [ICRA]A2+ ratings.
Tribhovandas Bhimji Zaveri LimitedTBZ · Filed with the exchange
This action follows the promoters' agreement to sell a majority stake, which is expected to strengthen the company's business profile through association with a larger retail group.
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