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November 18, 2022 - December 1, 2022

CARE Ratings Limited Buyback (CARE Ratings Buyback) Detail

ncorporated in 1993, CareEdge Ratings (CARE Ratings Ltd) is one of the leading credit rating agencies in India. The company is a top rating agency for multiple rating segments, including the Corporate sector, Financial sector, Structured Finance, Insurance sector, Infrastructure sector, Manufacturing sector, and non-financial services, among others.

CARE Ratings Ltd also offers Risk advisory and analytics services, Risk solutions, Grading services, Corporate Governance Rating, Customized Research and Rating tracker. CareEdge Ratings (CARE Ratings Ltd.) has two wholly-owned subsidiaries, including CARE Advisory, Research & Training Ltd. and CARE Risk Solutions Pvt Ltd.

CARE Ratings Buyback Detail

Issue PeriodNovember 18, 2022 - December 1, 2022
Security NameCARE Ratings Limited
Issue TypeTender Offer
Issue Size (Shares)2,368,000
Issue Size (Amount)₹121.95 Crores
Buyback Price₹515 per share
Face Value₹10 per share
Listing AtBSE, NSE

CARE Ratings Buyback Issue Timetable

Record DateSeptember 14, 2022
Offer Opens OnNovember 18, 2022
Last Date for receipt of Tender FormsDecember 3, 2022
Offer Closes On *December 1, 2022
Finalisation of Buyback AcceptanceDecember 9, 2022
Last Date for settlment of bidsDecember 12, 2022
Last Date for Extinguishment of SharesDecember 19, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.

Company Financials

CARE Ratings Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After Tax
31-Mar-20275.1183.48
31-Mar-21279.7490.97
31-Mar-22274.8276.83
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 521.80 452.75 484.72
Jul-2022 492.25 410.60 440.55
Jun-2022 485.35 405.35 437.03

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 522.00 452.20 484.75
Jul-2022 492.00 410.15 440.83
Jun-2022 485.00 406.00 437.16

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

CARE Ratings Buyback Documents

CARE Ratings Buyback Rating

8
3.5
Rating:Rated 3.5 stars
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CARE Ratings Buyback Reviews

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Company Contact Information

CARE Ratings Limited
4th Floor, Godrej Coliseum,
Somaiya Hospital Road,
Off Eastern Express Highway, Sion (E), - 400 022

Phone: +91-22-6754 3456
Email: care@careedge.in
Website: http://www.careedge.in/

CARE Ratings Buyback Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

CARE Ratings Buyback Manager

Lead Manager(s)

  1. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Registered Broker

  1. DAM Capital Advisors Limited
    Email: rajesh@damcapital.in

Find CARE Ratings Buyback Latest Update

CARE Ratings Buyback FAQs

The CARE Ratings Buyback opens on November 18, 2022, and closes on December 1, 2022.

The CARE Ratings Buyback last day to buy is not available as of now.

The CARE Ratings Buyback is a Tender Offer.

CARE Ratings Buyback Schedule

Buyback Opening DateNovember 18, 2022
Buyback Closing DateDecember 1, 2022
Last Date for receipt of Tender FormsDecember 3, 2022
Finalisation of Buyback AcceptanceDecember 9, 2022
Last Date for settlment of bidsDecember 12, 2022
Last Date for Extinguishment of SharesDecember 19, 2022

The CARE Ratings Buyback is being offered at Rs ₹515 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.

The record date for the CARE Ratings Buyback is September 14, 2022.

The issue size of CARE Ratings Buyback is of 2,368,000 equity shares at ₹515 per share aggregating upto ₹121.95 Crores.

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The CARE Ratings Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


3 Comments

3. KAMMA SIVA RAMA KRISHNA     Link|July 21, 2022 10:19:57 PM
Quick Heal Technologies Buyback:

Buyback price: Rs.300/-
Size: 50,00,000 shares
Mode: Tender Offer
CMP: Rs.198.70
Amount : Rs. 150 Crores
All the best to all of you.
3.3. Kd     Link|July 29, 2022 7:45:25 PM
Kskr sir you have a lot of thanks from us
Please must mention 1 share formula success percentage with everyone BUYBACK
Thanks and regards again
3.4. Anmol Singh     Link|November 21, 2022 3:10:56 PM
A stupid buyback. CMP 520, buyback price 515. Why the hell will anyone sell their shares
2. TheLearner     Link|July 22, 2022 1:30:42 PM
quick heal results were disastrous to say the least. guys keep that in mind while buying shares for buyback. without buyback announcement price would have been near 120 levels
1. Smile.     Link|July 21, 2022 6:33:49 PM
Let's see how much price difference increases till record date

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