Corporate News     30-Sep-23
Board of CARE Ratings approves infusion of capital in CARE Risk Solutions
At meeting held on 30 September 2023
The Board of CARE Ratings at its meeting held on 30 September 2023 has approved the infusion of capital in CARE Risk Solutions (CRSPL), wholly-owned subsidiary of the Company. The company will invest Rs 12 crore against issue of Optionally Convertible Cumulative Redeemable Preference Shares.

The infusion of capital in CRSPL is primarily for acquisition of business from CARE Advisory Research and Training (CART) on slump sale and for working capital requirements. Both CART and CRSPL are wholly-owned subsidiaries of the Company.

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