In terms of the traded volume, 47.26 lakh shares were traded on the BSE and over three crore units on the NSE during the day.
CARE on Friday downgraded rating for the company's long-term debt program, market-linked debentures and subordinated debt to CARE D, due to the alleged "delay" in payment of interest by one day.
It said CARE has acted in a pre-meditated and prejudiced manner, and has even suppressed the above facts completely in its rating action letter, thereby making it appear as if the company had defaulted in payment of interest by a day, whereas the reality is documents had been provided to CARE that proved funds had duly been arranged on the due date, and the alleged delay was on account of technical glitches.
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