CARE Ratings' investors seek to exit, sale maybe revived

The sale of credit rating agency Credit Analysis and Research (CARE Ratings) is likely to be revived, as its investors such as IDBI, Canara Bank and Franklin Templeton are seeking to exit their stake in the company.

CARE deal was called off in early 2014, although it may now trigger open offer. Sources tell CNBC-TV18 that IDBI, which holds 16.6 percent in the company, is leading the stake sale talks. Besides, Canara Bank holds 11.95 percent in CARE.

However, the rating agency, which has been in talks with several investors on a regular basis says some of them have shown interest in the company. In addition, company management says they are unaware of conversations between shareholders and potential investors.

Meanwhile, IDBI, Canara Bank and Franklin Templeton are yet to respond to CNBC-TV18 query.