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Repurchase of care qualifications 2022 will be announced on July 20, 2022. Attention ratings The opening date for purchase is November 18. Repurchase of attention ratings The registration date is September 14. The investor should purchase Care Ratings shares prior to the record date to be eligible for repurchase.
On July 20, 2022, the purchase of care ratings of 122 million rupees was held approved by the board of directors at the meeting. The buyback of care ratings will be done through the offer route through the stock exchange mechanism. The board of directors of the company approved the repurchase by the company of its fully paid up equity shares of the face value of ₹10 each equity share at a price not exceeding ₹515 per equity share and for a total amount not exceeding ₹ 121 crore from the shareholders. See care ratings Repurchase 2022 details below:
CareEdge Ratings (CARE Ratings Ltd) started 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 to cover many rating segments including manufacturing, infrastructure, a financial sector that includes banks and non-financial services, among others. The company has a proven track record of rating companies spanning nearly three decades and has played a pivotal role in the development of bank debt and capital market instruments including CP, corporate bonds and debentures and structured credit. CareEdge is recognized as a knowledge-based group and provides near-real-time research on all national and global economic developments. Special studies and surveys are also carried out on different topics. The industry research team tracks and publishes industry reports on an ongoing basis. Wholly owned subsidiaries of CareEdge Ratings (CARE Ratings Ltd.) include CARE Advisory, Research & Training Ltd. and CARE Risk Solutions Pvt Ltd. Globally, CARE Ratings Ltd. is a partner of 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 the Japan Credit Rating Agency (JCR) and an MoU with the Russian rating agency ACRA.
2022 care ratings buyback dates
| Buyback meeting date: | July 20, 2022 |
| Buyback announcement date: | July 20, 2022 |
| Repurchase registration date: | September 14, 2022 |
| Redemption opening date: | November 18, 2022 |
| Purchase closing date: | December 1, 2022 |
| Completion of buyback acceptance: | December 9, 2022 |
Details of the 2022 Care Ratings Buyback Offer
Purchase care ratings of 23,68,000 equity shares at a price of ₹515 per equity share. The buyback offers not to exceed 122 million rupees of the total size of the repurchase offer.
| Bid Amount: | ₹ 122 crores |
| Number of shares: | 23,68,000 Equity shares |
| Apparent value: | ₹10 per capital share |
| Buyback price: | ₹515 per capital share |
| List: | BSE and NSE |
| Repurchase Type: | Tender Offer |
| Letter of offer: | Click here |
Repurchase attention ratings 2022 acceptance ratio
The investor should shop around [.] shares at a current market price of ₹[.] (as of [.]). The calculation will be ₹2,000,000 / ₹[.] repurchase price = [.] shares
| Acceptance ratio | investment | Buyback of shares | benefit |
| 33% | ₹[.] | [.] | ₹[.] |
| 50% | ₹[.] | [.] | ₹[.] |
| 75% | ₹[.] | [.] | ₹[.] |
| 100% | ₹[.] | [.] | ₹[.] |
Financial report of care assessments
| ₹ in Crores | |||||
| course | income | expense | PAT |
||
| 2020 | ₹250 | ₹143 | ₹80.50 | ||
| 2021 | ₹251 | ₹131 | ₹85.83 | ||
| 2022 | ₹247 | ₹133 | ₹ 84.47 | ||
How to participate in the buyback of care ratings 2022
Investors are eligible for the buyback scheme who hold shares of Care Ratings in their Demat account as [.]. Eligible share holders can participate in the Care Rating Buyback Scheme 2022 as per the opening form by selling their shares. Payment will be made in accordance with shares accepted by the company under Care Ratings’ buyback scheme.
2022 care ratings buyback register
KFin Technologies Limited
Selenium Tower B, Plot no. 31-32,
Gachibowli, Financial District
Nanakramguda, Seri, Hyderabad 500032, Telangana
Telephone: 040-67161500, 67162222, 33211000
Website: http://www.kfintech.com
2022 Care Ratings Buyback Lead Managers
Address of the company Care Ratings
CARE Limited ratings
4th Floor, Godrej Coliseum,
Somaiya Hospital Road,
Off the Eastern Expressway, Sion (E), – 400 022
Telephone: +91-22-6754 3456
Website: http://www.careedge.in/
How to apply care ratings buyback through Zerodha?
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Frequently asked questions about buyback of care ratings 2022
When is the record date for the Care 2022 valuation buyback?
Care Ratings’ 2022 record buyback date is September 14, 2022.
When is the opening date of Care Ratings Buyback 2022?
The Care Ratings 2022 buyback opening date is November 18, 2022.
What is Care Ratings’ 2022 repurchase price?
The company has set the price a ₹515 per share.
What is the buyback size of Care Ratings?
Care Ratings buyback size is 122 million rupees.
How to apply for Care Rating Buyback 2022?
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