Sensex
73,895.74 profit arw 315.20 (0.43%)
Nifty
23,140.50 profit arw 77.40 (0.34%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Enter a 10 digit mobile number starting with 7, 8, or 9
Captcha verification code, enter the characters shown below

As on : 10-Sep-2026
Hot Pursuit
10-Sep-2026     11:52

Apar Industries' credit ratings upgraded by CARE Ratings following a Rs 2,500 crore QIP

Apar Industries Ltd. announced revisions and upgrades to its credit ratings following a review of its financial performance based on FY 2026 (audited) and Q1FY27 (unaudited) results, alongside the successful completion of a Rs 2,500 crore Qualified Institutional Placement (QIP) in August 2026. CARE Ratings Limited upgraded Long Term Bank Facilities to CARE AA; Stable from CARE AA-; Stable, and Long Term/Short Term Bank Facilities to CARE AA; Stable / CARE A1+ from CARE AA-; Stable and reaffirmed the ST rating, while also upgrading Long-term bank facilities to Rs 1,652.78 to CARE AA; Stable; the rating agency noted a healthy scale of operations and operating performance, and projects improvements in Total Debt/PBILDT to 1.91x and Net Debt/PBILDT to 1.62x in FY27. TÜV SÜD South Asia Private Limited provided reasonable assurance for Apar Industries' BRSR Core indicators and Scope 1 and Scope 2 emissions, supporting the reliability and transparency of ESG disclosures.

INDIAN INDICES

Sensex

73,895.74 315.20 (0.43%)

Nifty

23,140.50 77.40 (0.34%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

24,507.16 -253.98(-1.03%)