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IDBI Bank may sell CARE holding

areIDBI Bank and four other shareholders which together hold a little over 45% shares in rating agency Credit Analysis and Research Ltd (CARE) are in talks with potential buyers to exit the company. CARE said in a stock exchange filing that IDBI Bank 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. CARE said it has been apprised that shortlisted bidders have been asked to submit their bids by 25 February.

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