ICRA surges over 19% on open offer
Source: IRIS | 24 Feb, 2014, 11.56AM
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Rating: NAN / 5 stars. |
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ICRA, a credit rating agency in India, gained on Monday after the company's largest shareholder, Moody's Corp, announced a conditional open offer to acquire up to 2.6 million shares in it at Rs 2,000 a share for about USD 84 million or Rs 5.20 billion.
Shares of the company are trading at Rs 1,900, up Rs 305.80, or 19.18% at the Bombay Stock Exchange (BSE) on Monday at 11.53 a.m.
The scrip has touched an intra-day high of Rs 1,913 and low of Rs 1,858.
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