Brief: CARE Ratings Downgrades Gayatri Projects' Debt

Gayatri Projects

18/11/2019 10:18

Nov 18 (Reuters) - Gayatri Projects Ltd  GAPR.NS :
    * WAS UNABLE TO FAST-TRACK STAKE SALE IN SEMBCORP ENERGY,
RESULTING IN DELAY IN DEBT SERVICE OBLIGATIONS
    * NOW EXPECTS TO CLOSE SALE BY END OF 2019
    * CARE RATINGS DOWNGRADED COMPANY'S BANK FACILITIES TO 'D'
FROM
'BB+'

Source text for Eikon: [http://bit.ly/35bkmfF]
Further company coverage:  GAPR.NS 

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