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PE investors sit on 40% gain in CARE IPO

By Madhav A Chanchani

  • 12 Dec 2012

The maiden offering of Credit Analysis & Research Ltd (CARE), one of India’s largest credit rating agencies, was subscribed nearly 41 times at the upper end of its price band. The issue saw a secondary sale of 25.22 per cent stake, or 7.2 million shares, for Rs 540 crore, which ......

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