 "CRISIL cuts rating for J&K Bank deposits on asset quality concerns")
CARE Ratings (formerly Credit Analysis and Research) surged 16% to Rs 1,660 on BSE in intra-day trade after the rating agency CRISIL has acquired nearly 9% stake in the company through open market.
“Our Company has acquired 2.62 million equity shares of CARE Ratings ('CARE') (8.90% of the total paid up equity share capital of CARE) at a price of Rs 1659.79 per share, on June 29, 2017,” CRISIL said in a BSE filing.
The investment has been made pursuant to the request for quotation dated June 19, 2017 issue by Canara Bank for sale of 8.9% stake
“Our Company has acquired 2.62 million equity shares of CARE Ratings ('CARE') (8.90% of the total paid up equity share capital of CARE) at a price of Rs 1659.79 per share, on June 29, 2017,” CRISIL said in a BSE filing.
The investment has been made pursuant to the request for quotation dated June 19, 2017 issue by Canara Bank for sale of 8.9% stake
