Credit Rating Information Services of India popularly known CRISIL has bought back 910,000 equity shares till December 30, 2011. The rating agency has utilized an amount of Rs 79.26 crore i.e. 99.08% of the maximum buy back size.
As per the terms of the public announcement dated December 13, 2011 made by the company, the buyback will close with effect from December 30, 2011.
CRISIL was incorporated in 1987 and operates as ratings, research, risk and policy advisory company. During 1990-91 the company provided technical assistance and training to Rating Agency Malaysia Berhard and MAALOT, the Israeli Securities Rating Company.
The company’s net profit after tax for the quarter fell 31.84% at Rs 50.98 crore as compared to Rs 74.80 crore for the quarter ended September 30, 2010. Its total income has increased marginally by 0.19% to Rs 183.05 crore for the quarter under review from Rs 182.71 crore for the similar quarter of the previous year.