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IL&FS Financial Services sells 10.65 lakh shares of CARE

26 Mar 2014 Evaluate

IL&FS Financial Services has offloaded 10.65 lakh shares of Credit Analysis and Research (CARE) through the open market route. The shares were sold on an average price of Rs 725.05 valuing the transaction to Rs 77.23 crore. On the other hand, GMO Emerging Domestic Opportunities Fund has bought 8.12 lakh shares in the company for an average price of Rs 725, through open market route valuing the transaction at Rs 58.93 crore.

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.

Peers
Company Name CMP
CRISIL 4435.90
ICRA 4350.50
Care Ratings 1553.50
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