CRISIL India to Sell its Stake in IISL

Posted by Joachim Bartels | Aug 28, 2013 | CRISIL, Ownership Changes of Information Companies, Rating Services, S&P, Uncategorized | 0 |

CRISIL Ltd, a subsidiary of S&P, has informed the Indian Stock Exchange that the it will be selling its equity stake in India Index Services & Products Limited (IISL), comprising 6,37,000 equity shares of face value Rs. 10 each and representing 49% of the total equity share capital of IISL, its Joint Venture with National Stock Exchange of India Limited (NSE).

The stake will be sold to NSE Strategic Investment Corporation Limited for a total consideration of Rs. 100 crore.

Source: indiainfonline.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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