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Thursday, February 13, 2014
CARE FII limit hiked to 74%
Credit Analysis And Research Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 12, 2014, has given its consent, subject to the approval of the members of the Company, for increasing the limit of investment by Foreign Institutional Investors ("FIIs") including their sub-accounts in the shares or convertible debentures of the Company by subscription or acquisition up to seventy four percent (74%) of the paid up equity share capital or paid up value of each series of convertible debentures of the Company as may be applicable.
CARE - IDBI Wants to sell - NSE Announcement
Credit Analysis And Research Limited has informed the Exchange that : "IDBI has informed the Company that it, and four other shareholders of the Company, all of who hold more than 45% shares in the Company, are in the process of identifying a buyer for a potential sale of 1,11,29,492 shares in the Company. The Company is apprised that the shortlisted bidders have been asked to submit their bids by 25 February 2014. However, we also understand that the sellers have reserved the right to modify or abort the sale process at any stage and that the sale is subject to execution of a mutually agreed contract and to necessary approvals."
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