Acknowledging the credit rating downgrades by CARE and ICRA, the firm said that it has happened due to a short-term liquidity mismatch which is improving by way of customer payments. The firm denied involvement in “falsification claims” and said it would be setting up a committee to comprehensively review the matter.
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from Business News in CNBCTV18, Business Latest News, Business News https://ift.tt/T9j5xIY