CARE Ratings Limited

Mirae Asset Mutual Fund increased its stake in CARE Ratings Limited from 1.65% to 1.73%, acquiring 21,775 shares. This raised their total holdings from 496,911 to 518,686 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.

Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.