ICRA in good 'mood'
By
Research Desk
about 10 years ago
ICRA is a big gainer on the bourses today. The stock hit a new 52-week high today at Rs.2779.40, with volumes spurting up almost 2 times.
The rating agency has hit a new high on the back of Moody’s announcement that it has secured the majority stake in the company. Its stake has now gone up from 28.51% to 50.06%.
The company had made an open offer to acquire these shares at an offer price of Rs.2400/share, hiked up from the previous price of Rs.2000/share. The offer closed on the 16th of June and Moody’s has managed to get 21.54 lakh shares of 21.55% stake by paying Rs.517 crore.