Ascent Capital To Invest In CARE Ratings - 29-Aug-2013
@Ascent_Capital Advisors is investing R25 Cr in CARE Rating through preferential allotment, BSE filing stated. CARE Ratings will issue an aggregate of 4.46 lakh equity shares at R560.15 per share aggregating to R25 Cr to @AscentFund_III managed by Ascent Capital Advisors India. The company is undertaking the issue in order to comply with the minimum capitalisation norms of $0.5 Mn applicable to non-fund based non banking finance companies as required by the RBI in connection with the initial public offer of the company undertaken in December 2012.