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Care Ratings to expand operations abroad

Source : BUSINESS_STANDARD
Last Updated: Fri, Dec 07, 2012 07:42 hrs

pCredit Analysis and Research Limited Care Ratings is planning to expand its operation in the international market by providing technical assistance to domestic rating agencies outside India PN Sathees Kumar chief general manager told mediapersons He was here to announce the forthcoming IPO The company has entered into non-binding agreements with four companies in Malaysia Brazil South Africa and Portugal to provide technical assistanceppThe rating agency plans to raise Rs 504-540 crore by issuing 72 million shares of the face value of Rs 10 each with a price band of Rs 700-750 an equity share The issue opens on Dec 7 and closes on Dec 11p


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