McGraw Hill Financial Inc has offered to increase its stake in the domestic ratings agency Crisil to 75 percent from 52.77 percent. McGraw Hill has announced an open offer of 1,210 rupees per share, marking a premium over Crisil’s record high of 1,150.3 rupees hit on April 2012. The offer also provides an attractive liquidity opportunity to current Crisil shareholders.
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.
