Credit Analysis & Research Limited (CARE), which has been planning to come out with an IPO since last year, plans to provide a window for existing investors to part exit through the new offering.
Its investors include @IDBI_Bank, Canara Bank, SBI, IL&FS and Federal Bank and the company plans to offload a total of around 25% of the post-IPO equity capital which could be valued at approx. R500-600 Cr.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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