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Crisil to sell 49 per cent stake in IISL for Rs. 100 crore

Crisil Limited said on Tuesday that it will sell 49 per cent stake in IISL for Rs. 100 crore to NSE Strategic Investment Corp.

India Index Services and 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 filing to the BSE.

Crisil said a 49 per cent stake in IISL will be sold to NSE Strategic Investment Corporation for a total consideration of Rs. 100 crore.
Source: NDTV Profit

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