CARE Ratings Limited
ICICI Prudential Mutual Fund raised its stake in CARE Ratings Limited from 3.29% to 3.67%, purchasing 1,15,295 shares to increase its holding to 11,05,165 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 second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.