CARE - IDBI Wants to sell - NSE Announcement

Credit Analysis And Research Limited has informed the Exchange that : "IDBI has informed the Company that it, and four other shareholders of the Company, all of who hold more than 45% shares in the Company, are in the process of identifying a buyer for a potential sale of 1,11,29,492 shares in the Company. The Company is apprised that the shortlisted bidders have been asked to submit their bids by 25 February 2014. However, we also understand that the sellers have reserved the right to modify or abort the sale process at any stage and that the sale is subject to execution of a mutually agreed contract and to necessary approvals."