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I.P.O. / Offerings | 12 November 2012

Investors Planning Partial Exit Through CARE IPO

by Paritosh Gajjar
Investors Planning Partial Exit Through CARE IPO
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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.

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