Epic Research Update : CARE

Credit Analysis & Research (CARE) has received an approval from the Reserve Bank of India (RBI) to increase FII shareholding limit up to 74% of the paid up capital of the company. Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 74% of the paid up capital of CARE under the Portfolio Investment Scheme (PIS). As of March 31, 2014, FII shareholding in the company stood at 15.66%.


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