IL&FS Financial Services has sold 353,900 shares of Credit Analysis and Research (CARE) through an open market transaction. The shares were sold at an average price of Rs 799.54 on National Stock Exchange (NSE) on February 24, 2014.
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.