CARE Ratings Limited
Nippon India Mutual Fund trimmed its stake in CARE Ratings Limited from 7.45% to 6.70%, selling 2,21,486 shares.
A leading credit rating agency in India, CARE Ratings provides comprehensive credit ratings that help corporates raise capital for their business requirements and enable investors to make informed investment decisions based on credit risk assessment and their risk-return expectations. The company evaluates creditworthiness across various sectors, instruments, and entities, serving as a critical intermediary in India's capital markets ecosystem.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.