This debt-free small-cap stock sets a record date for stock buybacks: Are you an owner?
With a market valuation of Rs. 1,506.01 crores and involvement in the financial services sector, CARE Ratings Ltd. is a small capitalization company. One of the leading credit rating organizations in India, the company has been in operation for over three decades. Several rating categories are covered by the company, including manufacturing, infrastructure, financial sector, banking, and non-financial services, among others. Wholly owned subsidiaries of CareEdge Ratings (CARE Ratings Ltd.) are CARE Advisory, Research & Training Ltd. and CARE Risk Solutions Pvt Ltd. According to data from Value Research, CARE Ratings currently holds debt-free status. For the purpose of repurchasing shares, the company’s board of directors announced the record date.