CRISIL to sell 49% stake in IISL for Rs 100 crore

CRISIL will be selling its equity stake in India Index Services & Products (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 (NSE). The above stake will be sold to NSE Strategic Investment Corporation for a total consideration of Rs 100 crore.

CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. The company’s majority shareholder is Standard and Poor’s (S&P). S&P, a part of The McGraw-Hill Companies, is the world’s foremost provider of credit ratings.