CARE Rating – Getting re-rated with PE funds negotiating for a majority stake at 900-1000
Dear Readers, CARE Rating (NSE Code – CARERATING) was recommended to Alpha and Alpha plus members in Aug’13 when the stock was around 525. The detailed report on the same was also made public on 16th Nov’13 when the stock was around 700 (CMP – 850). In case you have invested in CARE, here’s an important update regarding the latest developments in the company. The Company recently informed exchanges that its principal shareholders, IDBI, along with four other shareholders, who hold…