Analyst
Kanwal Ejaz
kanwal.ejaz@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
PACRA withdraws Entity Ratings of EXIDE Pakistan Limited
Rating Type | Entity | |
Current (24-Jul-20 ) |
Previous (30-Aug-19 ) |
|
Action | Withdraw | Maintain |
Long Term | - | BBB |
Short Term | - | A3 |
Outlook | Negative | |
Rating Watch | - | - |
Subsequent to the management's decision to discontinue the ratings, PACRA withdraws the Entity Ratings of EXIDE Pakistan Limited with immediate effect.
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About
the Entity
EXIDE Pakistan Limited was incorporated in Pakistan in 1953 as a private limited company in association with Chloride Group PLC of United Kingdom. EXIDE got listed on the Karachi Stock Exchange in 1982.
EXIDE is majorly owned (75%) by the three brothers from Hashwani family. Mr. Altaf Hashwani is the Chariman of the Board. Mr. Arshad Shahzada is the Chief Executive Officer of the company.