Pabrai Investment Funds through its various investment vehicles have increased the stake in rating agency CARE Ratings Limited.
Pabrai Investment Funds have bought 713,296 equity shares or 2.4211% stake in the company through market purchases on August 28, 2018.
Prior to the acquisition, the funds had a stake of 5.0886% or 1,499,164 equity shares in the company. This has increased to 2,212,460 equity shares or 7.5097% stake in the company.
Shares of CARE Ratings Ltd was last trading in BSE at Rs.1287 as compared to the previous close of Rs. 1312.7. The total number of shares traded during the day was 1477 in over 127 trades.
The stock hit an intraday high of Rs. 1316.1 and intraday low of 1287. The net turnover during the day was Rs. 1907126.