India's second largest credit rating agency Credit Analysis And Research (CARE) has filed draft red herring prospectus with market regulator SEBI for initial public offering of 71,99,700 equity shares.
The offer will constitute 25.22% of the post-offer paid-up equity share capital of company. For the financial year 2010-11, the company reported profit after tax of Rs 91.06 crore on total income of Rs 176.63 crore, a growth of 4.6% and 15% over previous year, respectively. CARE will not receive any proceeds from the offer and all proceeds will go to the following (selling) shareholders.
| Offer for sale by IDBI Bank | 2,454,400 Equity Shares |
| Offer for sale by Canara Bank | 2,171,200 Equity Shares |
| Offer for sale by SBI | 914,500 Equity Shares |
| Offer for sale by IL&FS | 855,500 Equity Shares |
| Offer for sale by Federal Bank | 584,100 Equity Shares |
| Offer for sale by IL&FS Trust (Equity Shares held on behalf of Milestone Fund) | 58,605 Equity Shares |
| Offer for sale by Milestone Trusteeship (Equity Shares held on behalf of Milestone Army Trust) | 1,395 Equity Shares |
| Offer for sale by ING Vysya | 60,000 Equity Shares |
| Offer for sale by Tata Investment | 100,000 Equity Shares |
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
