With a market valuation of Rs. 1,506.01 Crores and participation in the Financial Services Industry, CARE Ratings Limited is a Small Cap Firm. One of the top credit rating organizations in India, the company has been in service for more than three decades. Several rating categories are covered by the firm, including manufacturing, infrastructure, financial sector, banks and non-financial services. The wholly owned subsidiaries of CareEdge Ratings (Care Ratings Limited) are Care Advisory, Research & Training Limited and Care Risk Solutions Private Limited. As per data from Value Research, CARE Ratings currently maintains a debt free position. The Board of Directors of the company has announced the record date for the purpose of buyback of equity shares.
Today the company said in a regulatory filing that “This is with reference to our prior notice dated July 20, 2022 which states that the Board of Directors has approved the proposal for buy-back of up to 23,68,000 (Twenty Three Lakh Sixty) of the Company. 8 thousand only) fully paid-up equity shares of the company having a face value of Rs.10/- (Rupees ten only) each at the value of Rs.515/- (Rupees five hundred and fifteen only) per equity share “Buy- Bank”) is subject to the approval of the members of the company. The members of the company have approved the buy-back by passing a special resolution through postal ballot. As amended pursuant to Regulation 42 and Regulation 9(i) of the Securities and Exchange Board of India (Repurchase of Securities) Regulations, 2018, the Company on Wednesday, the 14th September, 2022 for the purpose of determining the eligibility and names of equity shareholders who will be eligible to participate in the buy-back and who will be eligible to participate in the buy-back offer letter and tender form. be sent in relation.”
CARE Ratings Ltd shares closed on Friday 509.00 each, 0.52% higher than the previous close on NSE. In the last 1 year, the stock has fallen 26.59% and on YTD basis, the stock has fallen by 17.49% so far in 2022. The stock had touched a 52-week high on the NSE. 744.00 (15-Sep-2021) and 52-week low At 403.00 (19-May-2022) it shows that the stock is trading 31.58% below the high and 26.30% above the low at the current market price.
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