Aftek Limited has informed the Exchange that Credit Analysis & Research Limited has assigned a CARE A [Single A] rating for the Companys Debt Instrument aggregating to Rs 50 crores.
Aftek planning to take 50 crore loan.It seems that cash reserve of 400 crores is empty now or only book entry.They are claiming that 400 crores of cash deposited in swiss bank without any interest.Think about it..
Aftek web site shows a new alliance cosmicbridge. Company has been silent on this matter. In the forthcoming AGM the company should come clean on this matter as also sale to Arasan.
Saomrthing is cooking at AFtek. Clear hold for the present
| NIFTY 
