Shares of ACME Solar Holdings rebounded nearly 3 per cent during the trading session Tuesday after the rating agency CRISIL upgraded its rating for non-fund-based long term bank facilities of Rs 1,000 crore to ‘Crisil AA-/Stable’ from ‘Crisil A+/Positive’ on Tuesday. The company informed about the same through an exchange filing. Advertisement

"As the highest ratings upgrade for the company, the CRISIL Ratings potentially enable ACME Solar to reduce its cost of debt across the company and its projects. This is the second AA-/Stable rating received by ACME Solar Holdings," it added in the regulatory filing with the exchanges.

Shares of ACME Solar Holdings rebounded 3 per cent from its day's low at Rs 284 to Rs 292.75 on Tuesday with its total market capitalization nearing Rs 17,500 crore

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