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ICRA has reaffirmed the 'D' rating for Rs 1.25 billion preference share capital programme of LML.The rating reaffirmation takes into account LML???s continued default on both its principal as well as interest obligations related to its debt.
LML has posted a net loss of Rs 95.11 million for the quarter ended June 30, 2011 as compared to net loss of Rs 91.66 million for the quarter ended June 30, 2010.
LML announ... More..