Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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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.
| Issue Period | November 18, 2022 - December 1, 2022 |
| Security Name | CARE Ratings Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 2,368,000 |
| Issue Size (Amount) | ₹121.95 Crores |
| Buyback Price | ₹515 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Record Date | September 14, 2022 |
| Offer Opens On | November 18, 2022 |
| Last Date for receipt of Tender Forms | December 3, 2022 |
| Offer Closes On * | December 1, 2022 |
| Finalisation of Buyback Acceptance | December 9, 2022 |
| Last Date for settlment of bids | December 12, 2022 |
| Last Date for Extinguishment of Shares | December 19, 2022 |
| 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. |
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-20 | 275.11 | 83.48 |
| 31-Mar-21 | 279.74 | 90.97 |
| 31-Mar-22 | 274.82 | 76.83 |
| Amount in ₹ Crore | ||
| 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 |
| 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 |
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.
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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/
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/
Lead Manager(s)
Registered Broker
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 Date | November 18, 2022 |
| Buyback Closing Date | December 1, 2022 |
| Last Date for receipt of Tender Forms | December 3, 2022 |
| Finalisation of Buyback Acceptance | December 9, 2022 |
| Last Date for settlment of bids | December 12, 2022 |
| Last Date for Extinguishment of Shares | December 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.
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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.