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Care Ratings Buyback 2022 Record Date, Price & Ratio Details

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Care Ratings buyback 2022 is to be announced on July 20, 2022. The Care Ratings buyback open date is not announced yet. Care Ratings buyback record date is not fixed yet. The investor should buy the Care Ratings shares before the record date to get eligibility for the buyback.

Care Ratings Buyback of ₹122 crores approved by the board of directors at the meeting was held on July 20, 2022. Care Ratings Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price not exceeding ₹515 per Equity Share and for an aggregate amount not exceeding ₹121 crores from the shareholders. Check out Care Ratings Buyback 2022 details below:

CareEdge Ratings (CARE Ratings Ltd) commenced operations in April 1993 and in almost 3 decades has established itself as one of the leading credit rating agencies in India. CareEdge Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, a financial sector including banks, and 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. CareEdge is recognized for being a knowledge-based group and provides near real-time research on all domestic and global economic developments. Special studies and surveys are also undertaken on different subjects. The Industry Research team tracks and publishes sector reports on an ongoing basis. CareEdge Ratings’ (CARE Ratings Ltd.) wholly-owned subsidiaries include CARE Advisory, Research & Training Ltd. and CARE Risk Solutions Pvt Ltd. In the global arena, 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.

Care Ratings

    Care Ratings Buyback 2022 Dates

     Buyback Meeting Date: July 20, 2022
     Buyback Announcement Date: July 20, 2022
     Buyback Record Date: [.]
     Buyback Open Date: [.]
     Buyback Close Date: [.]
     Finalization of Buyback Acceptance: [.]

    Care Ratings Buyback 2022 Offer Details

    Care Ratings buyback of 23,68,000 equity shares at a price of ₹515 per equity share. The buyback offers not to exceed ₹122 crores of the total buyback offer size.

     Offer Amount: ₹122 Crores
     Number of Shares: 23,68,000 Equity Shares
     Face Value: ₹10 per equity share
     Buyback Price: ₹515 per equity share
     Listing: BSE & NSE
     Buyback Type: Tender Offer
     Letter of Offer: Click Here

    Care Ratings Buyback 2022 Acceptance Ratio

    The investor should buy around [.] shares at a current market price of ₹[.] (as of [.]). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.

    Acceptance RatioInvestmentShares BuybackProfit
    33%₹[.][.][.]
    50%₹[.][.][.]
    75%₹[.][.][.]
    100%₹[.][.][.]

    Care Ratings Financial Report

      ₹ in Crores
    YearRevenueExpensePAT
    2020₹250₹143₹80.50
    2021₹251₹131₹85.83
    2022₹247₹133₹84.47

    How to Participate in Care Ratings Buyback 2022

    The investors are eligible for the buyback scheme who have Care Ratings shares in their Demat account as the [.]. Eligible Share Holders 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 scheme.

    Care Ratings Buyback 2022 Registrar

    KFin Technologies Limited
    Selenium Tower B, Plot No. 31-32,
    Gachibowli, Financial District,
    Nanakramguda, Seri, Hyderabad 500032, Telangana
    Tel: 040-67161500, 67162222, 33211000
    Website: http://www.kfintech.com

    Care Ratings Buyback 2022 Lead Managers

    • DAM Capital Advisors Ltd

    Care Ratings Company Address

    CARE Ratings Limited
    4th Floor, Godrej Coliseum,
    Somaiya Hospital Road,
    Off Eastern Express Highway, Sion (E), – 400 022
    Phone: +91-22-6754 3456
    Website: http://www.careedge.in/

    How to Apply the Care Ratings Buyback through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Care Ratings”. Click on Place Order. Enter your Quantity and submit Care Ratings Buyback Application Form. Open Demat Account with Zerodha.

    How to Apply the Care Ratings Buyback through Upstox?

    Log in to Upstox Application with your credentials. Select the Account Section. You will see the Company Name “Care Ratings”. Click on Care Ratings Stock for Buyback. Enter your Quantity and submit Care Ratings Buyback Application Form. Open Demat Account with Upstox.

    How to Apply the Care Ratings Buyback through Paytm Money?

    Log in to Paytm Money Application with your credentials. Select the Care Ratings. Enter your Quantity and submit Care Ratings Buyback Application Form. Open Demat Account with PaytmMoney.

    Care Ratings Buyback 2022 FAQs

    When is Care Ratings Buyback 2022 Record Date?

    Care Ratings buyback 2022 record date is [.].

    When is Care Ratings Buyback 2022 Open Date?

    Care Ratings buyback 2022 open date is [.].

    What is Care Ratings Buyback 2022 Price?

    The company has fixed the price at ₹515 per share.

    What is Care Ratings Buyback size?

    Care Ratings buyback size is ₹122 crores.

    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.

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