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McGraw Hill offers Rs 1,900 crore for 22.23% in Crisil

New Delhi, June 4: McGraw Hill Financial Inc, which owns the Standard & Poor's credit rating agency, is making an open offer to raise its stake in Crisil to 75 per cent from 52.77 per
mcgraw hill offers rs 1 900 crore for 22.23 in...
India TV Business Desk June 04, 2013 10:25 IST
New Delhi, June 4: McGraw Hill Financial Inc, which owns the Standard & Poor's credit rating agency, is making an open offer to raise its stake in Crisil to 75 per cent from 52.77 per cent currently.
 


McGraw Hill has offered to buy 1.567 crore shares of Crisil at Rs1,210 each, 29% more than the stock's May 31 close. The deal would cost McGraw Hill Rs 1,900 crore or about $340 million.
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