{"id":431703,"date":"2021-08-24T08:30:53","date_gmt":"2021-08-24T03:00:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431703"},"modified":"2021-08-24T08:59:29","modified_gmt":"2021-08-24T03:29:29","slug":"capacite-infraprojects-locked-in-20-lower-circuit-on-rating-downgrade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/capacite-infraprojects-locked-in-20-lower-circuit-on-rating-downgrade\/","title":{"rendered":"Capacite Infraprojects locked in 20% lower circuit on rating downgrade"},"content":{"rendered":"<p>Shares of Capacite Infraprojects (CIL) were locked in the lower circuit of 20 per cent at Rs 158.50 on the BSE in Monday&#8217;s session after the rating agency India Ratings &amp; Research (Ind-Ra) downgraded the company\u2019s long term issuer rating to \u2018IND D\u2019, from \u2018IND A\u2019 (Negative Outlook).<\/p>\n<p>Till 10:40 am, around 2 million equity shares had changed hands and there were pending sell orders for 680,000 shares on the NSE and BSE. In comparison, the S&amp;P BSE Sensex was up 0.15 per cent at 55,413 points. <\/p>\n<p>Ind-Ra said the downgrade reflects CIL\u2019s challenges with liquidity, which led to default in the servicing of its debt obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Capacite Infraprojects (CIL) were locked in the lower circuit of 20 per cent at Rs 158.50 on the BSE in Monday&#8217;s session after the rating agency India Ratings &amp; Research (Ind-Ra) downgraded the company\u2019s long term issuer rating to \u2018IND D\u2019, from \u2018IND A\u2019 (Negative Outlook). Till 10:40 am, around 2 million equity shares had changed hands and there were pending sell orders for 680,000 shares on the NSE and BSE. In comparison, the S&amp;P BSE Sensex was up 0.15 per cent at 55,413 points. Ind-Ra said the downgrade reflects CIL\u2019s challenges with liquidity, which led to default [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-431703","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=431703"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431703\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}