Care Ratings
In a recently-released report, rating agency CARE Ratings has revealed that the improved price of cement will likely bring about a notable improvement in the profitability of domestic cement manufacturers in the current fiscal year, owing to higher realisation. CARE said in its report that despite the fact that “monsoon impact” may cause a partial [...] Continue Reading »
Srei Infrastructure Finance plans to raise Rs 600 crore in FY15 through retail bonds. Moses Harding, group chief executive officer (liability and treasury management) and chief economist of Srei Infrastructure Finance said “The objective is to reach out the Srei brand into the retail segment, broaden the investor/lender base and de-risk concentration from bank funding. [...] Continue Reading »
A change in the ownership of Care Ratings is imminent in the few days, with private equity players Carlyle and Barings making a bid to take over IDBI and other institutions’ 45 per cent stake on Saturday. On Saturday the auction for IDBI and other financial institutions’ stake in Care Ratings was closed. As confirmed [...] Continue Reading »
