McGraw Hill Eyes 75% Stake In CRISIL Through Open Offer

Mani

Published onJune 3, 2013

Updated on May 13, 2021

McGraw Hill Financial Inc (NYSE:MHFI), that owns Standard & Poor’s rating agency plans to hike its stake in CRISIL Ltd. (NSE:CRISIL) to 75 percent through an open offer.

McGraw Hill Financial Holdings (Singapore) P Ltd has made a voluntary offer to acquire 15.67 million shares or 22.23 percent of the voting shares of India’s leading rating agency, CRISIL Ltd. (NSE:CRISIL) at a price of Rs 1,210 or $12.42 per equity share.

The offer represents a premium of 29 percent to...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

McGraw Hill Eyes 75% Stake In CRISIL Through Open Offer

Login required to continue reading.

Get Your Business News