Thanks for clarifying this aspect regarding rating agencies. I had seen the SMERA/ACUITE ratings, but wanted to ensure if there were any red flags we need to watch out for based off of CARE’s recent Nov, 2022 ratings. Good to know this is non issue.
The business surely has promising scope in the growing Data Center infrastructure segment (may not be directly compared with established IT Services/Software firms) and can benefit well if it can effectively convert the demonstrated Sales/PAT growth to cash flows.
Disclosure: Tracking & Researching
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