Care Ratings stock soar as a result of bidding war between Fitch and Crisil
DSIJ Intelligence / 10 Jul 2017
Care Ratings stock was trading high as the company is at the centre of a bidding war between Fitch and Crisil.
In the early hours of Monday’s trade, Care Ratings stock was trading high as the company is at the centre of a bidding war between Fitch and Crisil.
Fitch is looking to buy stakes in Care Ratings, just a few days after Crisil bought 8.8% stake in Care Ratings, reported a leading business daily.
Crisil, majority owned by Standard and Poor’s, is also in talks with investors, including LIC to acquire stakes in Care Ratings.
As per market observers, the company has a good ROE track record of 3 years at 27.69%. The company has also been maintaining a dividend payout of 101.34%.
Meanwhile, the stock during early hours of trade soared a whopping 8.30% at Rs 1,707.00 per share on BSE.
The stock attracted a total traded quantity of 0.20 lakh.
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