CARE assigns rating to PNC Infratech's subsidiary

Credit Analysis & Research has assigned credit rating on the bank facilities of PNC Infratech’s subsidiary PNC Challakere (Karnataka) Highways Private Limited. The rating of the long-term bank facilities of ₹440 crore has been assigned Provisional CARE A with Stable outlook. Shares of PNC Infratech slipped 0.77 per cent at ₹205.25 on the BSE.