/ Canara Bank Exits Care Ratings Crisil Buys Stake ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 29 June 2017

In a block deal during the early hour of trade on Thursday, 26.2 lakh shares of Care Ratings have traded at Rs 1,660 per share. Canara Bank has exited Care Ratings by selling its entire 9% stake. The bank received Rs 432 crore from the stake sale, reported a leading news agency.

Crisil bought the Care Ratings shares in the block deal, acquiring 8.9% stake at Rs 1,659.79 per share.

Meanwhile, Care Ratings was trading higher by 10.9% at Rs 1,584.90 per share at 1010 hours on BSE. The stock witnessed a spurt in the volume by more than 89.77 times. It hit a high of Rs 1,660 per share and a low of Rs 1,429 so far in the morning session.

CARE Ratings Limited offers credit assessment of companies that helps corporates to raise capital and assists the investors to take informed investment decision based on the credit risk. CARE Ratings serves corporates, financial sectors, state government entities, and local bodies worldwide.

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