Credit Analysis And Research (CARE) has received an approval for increasing the limit of investment by Foreign Institutional Investors (FIIs) including their sub-accounts in the shares or convertible debentures of the company by subscription or acquisition up to 74% of the paid up equity share capital or paid up value of each series of convertible debentures of the company as may be applicable. The board of directors at its meeting held on February 12, 2014 has approved for the same.
CARE 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.
