IDBI and four other shareholders of Credit Analysis And Research (CARE), all of who hold more than 45% shares in the Company, are in the process of identifying a buyer for a potential sale of 1.11 crore shares in the Company. The Company is apprised that the shortlisted bidders have been asked to submit their bids by February 25, 2014. However, the sellers have reserved the right to modify or abort the sale process at any stage and that the sale is subject to execution of a mutually agreed contract and to necessary approvals.
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.
| Company Name | CMP |
|---|---|
| CRISIL | 4374.95 |
| ICRA | 5508.00 |
| Care Ratings | 1639.30 |
| View more.. | |
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