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ICRA has reaffirmed 'AA' to the enhanced Rs 307.5 million fund based and Rs 135 million non-fund based bank limits of Merck. The outlook on the long-term rating is stable.
Reliance Mutual Fund A/C Reliance Pharma Fund picked 1.54% stake in Merck for Rs 140.81 million today. It purchased 0.25 million shares at a price of Rs 549 at the NSE.
Credit rating agency, ICRA has reaffirmed AA to Rs 267.5 million fund base... More..