Care Ratings Buyback 2022 announced on 20 July 2022. The Care Ratings buyback to start from 18 November 2022 and closes on 01 December 2022. The Company will do Buyback with equity of 23,68,000 Equity Shares around 7.99% of Face Value ₹10/ Each Fully paid off at a Price Of ₹515/- Per Equity. The size of this Buyback is about ₹121.95 Crores. And this will be done through a Buyback Tender Offer.
CARE Ratings is a leading credit rating agency of India. CareEdge Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services, among others.
The company has an established track record of rating companies over almost three decades and has had a pivotal role to play in developing bank debt and capital market instruments including CPs, corporate bonds and debentures, and structured credit.
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CARE Ratings Ltd. is a partner in ARC Ratings, an international credit rating agency. The company also has subsidiaries in Mauritius ‘CareEdge Ratings (Africa) Private Limited (CRAF)’ and in Nepal ‘CareEdge Ratings Nepal’. The company has a strategic alliance with Japan Credit Ratings Agency (JCR) and MoU with Russian rating agency ACRA.
Necessity of the Issue :
- Optimising returns to shareholders;
- Enhancing overall shareholder value;
- Achieving optimum capital structure;
- Mitigating the effects of short-term market volatility; and
- Enhancing shareholders’ confidence
Care Ratings Buyback 2022 Offer Details:
Event Name | Details |
Buyback Type | Tender Offer |
Buyback Record Date | 14 September 2022 |
Buyback Offer Amount | ₹121.95 Cr |
Date of Board Meeting approving the proposal | 20 July 2022 |
Date of Public Announcement | 20 July 2022 |
Buyback Offer Size | 7.99% |
Buyback Number of Shares | 23,68,000 |
Listing | NSE, BSE |
Face Value | ₹10/ |
Buyback Price | ₹515/ per share. |
Care Ratings Buyback 2022 Dates :
We have covered all important dates related to “Care Ratings Buyback 2022” Buyback Activity Dates are updated as they are announced.
Buyback Activity | Dates |
Board Meeting for Buyback proposal | 20 July 2022 |
Buyback Approval date | 20 July 2022 |
Public Announcement Date | 20 July 2022 |
Buyback Record Date | 14 September 2022 |
Buyback Opening Date | 18 November 2022 |
Buyback Closing Date | 01 December 2022 |
Care Ratings Limited Financial Report (in Cr) :
Year | Revenue | Expense | PAT |
2022 | ₹248.00 | ₹168.00 | ₹75.00 |
2021 | ₹248.00 | ₹153.00 | ₹90.00 |
2020 | ₹244.00 | ₹162.00 | ₹82.00 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
KFin Technologies Limited
(formally known as KFin Technologies Private Limited)
Address: Selenium, Tower B, Plot 31-32, Financial District,
Nanakramguda, Serilingampally, Hyderabad – 500 032
Tel. No.: +91 40 6716 2222
Toll Free No.: 18003094001
Email: [email protected]
Website: www.kfintech.com
Manager of The Buyback :
DAM Capital Advisors Limited
th One BKC, Tower C, 15 Floor, Unit No. 1511,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051
Maharashtra, India
Tel: +91 22 4202 2500
E-mail: [email protected]
Website: www.damcapital.in
Company Address :
CARE Ratings Limited
4th Floor, Godrej Coliseum,
Somaiya Hospital Road,
Off Eastern Express Highway,
Sion (East), Mumbai – 400 022.
Phone: +91-22-6754 3456
Email: [email protected]
www.careedge.in
How to Participate in Care Ratings Ltd buyback?
The Investors are eligible for the buyback scheme who have Care Ratings shares in their Demat account as the Record date is 14 September 2022 as the offer is Tender offer. Investors can participate in the Care Ratings Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Care Ratings buyback 2022 scheme.
How to apply for Care Ratings buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Care Ratings and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Care Ratings buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Care Ratings Buyback in the search option.
- You can see Care Ratings buyback result in search option tap on the Care Ratings buyback.
- You will reach the Care Ratings buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Care Ratings buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Care Ratings stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
How to apply for Care Ratings buyback online on Kfintech?
You can apply for the buyback from Kfintech, follow the few steps below:
- Click the official Link. https://kosmic.kfintech.com/karisma/buybackofferv2.aspx
- Select your stock in drop down menu.
- Choose your holding Type and fill your details.
- Enter the security code in the security box.
- Click Submit button.
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Care Ratings Buyback 2022 FAQs:
When is Care Ratings Buyback Announcement Date?
Care Ratings buyback 2022 announcement date is 20 July 2022.
When is Care Ratings Buyback Open Date?
Care Ratings buyback Open date is 18 November 2022.
When is Care Ratings Buyback Close Date?
Care Ratings buyback Close date is 01 December 2022.
When is Care Ratings Buyback Record Date?
Care Ratings buyback 2022 Record date is 14 September 2022 as the offer is tender offer.
What is Care Ratings Buyback Price?
Care Ratings company has fixed the price at ₹515 per share.
What is Care Ratings Buyback Offer Size?
Care Ratings company Buyback Offer Size is ₹121.95 Cr.
How to apply for Care Ratings Buyback 2022?
As per the record date you need to have Care Ratings shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.