CARE Ratings Buyback 2022 Record Date, Buyback Price, Entitlement Ratio


Last updated on November 8, 2022

CARE Ratings Buyback 2022

CARE Ratings Buyback 2022 description – CARE Ratings commenced operations in April 1993 and has established itself as one of the leading credit rating agencies in India. The company covers many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services, among others. The company has an established track record of rating companies nearly three decades and played a pivotal role in developing bank debt and capital market instruments including CPs, corporate bonds and debentures, and structured credit. Apart from ratings, the company offers services in the realm of advisory, research, training and risk solutions.

CARE Ratings Buyback 2022 Details

Buyback Dates18 Nov – 1 Dec 2022
CARE Ratings Buyback Price INR515 per share
Buyback Offer Size (Shares)23,68,000 shares
Buyback offer as % of total shares7.99%
Buyback Offer Size (Amount)INR121.95 crore
Offer TypeTender
Promoter ParticipationNot applicable
Face Value INR10 per share
Listing AtBSE, NSE

CARE Ratings Buyback Dates (Timeline)

Board Meeting for Buyback Proposal20 July 2022
Buyback Approval Date20 July 2022
Public Announcement of Buyback5 September 2022
CARE Ratings Buyback Record Date14 September 2022
Buyback Opening Date18 November 2022
Buyback Closing Date1 December 2022
Cut-off Date to receive completed tender forms by Registrar3 December 2022
Verification Date by the Registrar5 December 2022
Return of unaccepted shares by Registrar12 December 2022
Extinguishment of accepted shares19 December 2022

CARE Ratings Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback

CARE Ratings Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR2 Lakh on record date)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.

CARE Ratings’ Financial Performance

Total Income314.8357.5360.7
Total Expenses192.6192.2239.8
Net income 73.6106.878.2
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR2,00,000
Buyback priceINR515
Maximum shares for small shareholder (2,00,000/515)389 shares*
Closing price of stock as on 20 July 2022INR468.75**
Maximum amount invested in buyback (468.75 x 389 shares)INR1,82,344
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

CARE Ratings Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
3894444 (100%)2,0351.12
3894488 (200%)4,0702.23
38944132 (300%)6,1053.35

Registrar of CARE Buyback 2022

Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]

Manager of CARE Buyback 2022

DAM Capital Advisors Limited
One BKC, Tower C,
15th Floor, Unit No.1511,
Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Phone: 22 4202 2500
Email: [email protected]

Process to Participate in CARE Ratings Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

When does CARE Ratings share buyback offer open?

CARE Ratings share buyback opens on 18 November 2022 and closes on 1 December 2022.

Which type of buyback is CARE Ratings buyback offer?

CARE Ratings buyback is a tender offer.

What is the CARE Ratings buyback price?

CARE Ratings buyback price is INR515 per share.

What is the CARE Ratings buyback record date?

CARE Ratings buyback record date is 14 September 2022.


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