Crisil to sell 49% stake in IISL for Rs 100 crore
Aug 27 2013 , New Delhi
India Index Services & Products Limited (IISL) is Crisil's joint-venture with National Stock Exchange (NSE) of India.
"... Crisil 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 per cent of the total equity share capital of IISL to NSE Strategic Investment Corporation Limited," it said in a regulatory filing to the BSE.
IISL is the joint venture of Crisil with National Stock Exchange of India Limited (NSE).
Crisil said 49 per cent stake will be sold to NSE Strategic Investment Corporation for a total consideration of Rs 100 crore.
Shares of Crisil were trading at Rs 1,120 apiece on the BSE in the afternoon trade, down 1.06 per cent from the previous close.