 "ICRA gains on share buyback plan")
Shares of credit rating firm ICRA surged nearly 9% to Rs 4,448 on the BSE in early morning trade after the company announced that the board will meet on Thursday, February 9, to consider a proposal for buy-back of the equity shares of the company.
As of December 31, 2016, the promoters held 50.06% stake in ICRA. Insurance companies led by Life Insurance Corporation of India held 11.92% holding, followed by mutual funds (10.67%), Foreign Portfolio Investors (8.60%) and Individual shareholders (7%), the shareholding pattern data shows.
Moody's-controlled ICRA provides investment information and credit rating services in India.
As of December 31, 2016, the promoters held 50.06% stake in ICRA. Insurance companies led by Life Insurance Corporation of India held 11.92% holding, followed by mutual funds (10.67%), Foreign Portfolio Investors (8.60%) and Individual shareholders (7%), the shareholding pattern data shows.
Moody's-controlled ICRA provides investment information and credit rating services in India.
