Care Ratings` Buyback Offer - Shareholders` Dilemma

Case Code: FINC213
Case Length: 10 Pages
Period: 2022-2023
Pub Date: 2024
Teaching Note: Available

Price: Rs.300
Organization: CARE Ratings Limited
Industry: Financial Services
Countries: India
Themes: Capital Structure

Abstract Case Intro 1 Case Intro 2 Excerpts

Excerpts

About Care Ratings

Care Ratings was incorporated on April 21, 1993, as Credit Analysis and Research Limited to become a leading credit rating agency in India. The company provided various credit ratings and risk assessment services to companies belonging..

Share Buyback of Care Ratings

On July 12, 2022, Nehal Navinchandra Shah (Nehal), Company Secretary and compliance Officer of Care Ratings, informed the stock exchanges in accordance with section 29 (1)(b) and 29(2) of SEBI (Listing Obligations..

The Dilemma

The shareholders of Care Ratings needed to decide whether to encash their investment at that point of time or not..

Exhibits

Exhibit I: Buyback Issues in India from FY1998-99 to FY2023-24
Exhibit II(a): Selected Consolidated Financial Information of Care Ratings (in Rs. million)
Exhibit II(b): Care Ratings’ Selected Financial Information
Exhibit III: Timeline of Care Ratings’ Share Buyback
Exhibit IV: Statement of Permissible Capital (Including Premium) as of March 31, 2022
Exhibit V: Regulatory Framework of Buyback of Securities in India

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