McGraw Hill Eyes 75% Stake In CRISIL Through Open Offer – ValueWalk Premium

McGraw Hill Eyes 75% Stake In CRISIL Through Open Offer

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 . . .

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