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Pabrai Investment Funds hikes stake in CARE Ratings

31 Aug 2018 Evaluate

Pabrai Investment Funds has increased the stake in rating agency CARE Ratings through its various investment vehicles. Pabrai Investment Funds have bought 7,13,296 equity shares or 2.42% stake in the company through market purchases on August 28, 2018.

Prior to the acquisition, the Pabrai Investment Funds had a stake of 5.09% or 14,99,164 equity shares in the company, which has been increased to 22,12,460 equity shares or 7.51% stake in the company.

Care Ratings is a second largest full service credit rating company in India, offering rating and grading services across a diverse range of instruments and industries including IPO grading, equity grading, and grading of various types of enterprises, including shipyards, maritime training institutes, construction companies and rating of real estate projects, among others.

Peers
Company Name CMP
CRISIL 4399.90
ICRA 4298.85
Care Ratings 1536.90
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