Comments
Market men may keep a focus on Crisil and ICRA, as another rating agency CARE is tapping the market with public issue. The initial public offering of Credit Analysis and Research Ltd will be open for subscription between December 7 and December 11. CARE Ratings commenced operations in 1993 and since then has grown to become the second largest rating agency after Crisil (a unit of S&P). The rating agency plans to raise Rs 504–540 crore through the issue. The entire issue will comprise 25.22 per cent of the post-offer paid-up capital of the company and will also offer for sale by existing shareholders. Its investors include IDBI Bank, Canara Bank, SBI, IL&FS and Federal Bank. Crisil has a market capitalisation of around Rs 6,750 crore and ICRA Rs 1,320 crore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.