CRISIL to invest up to Rs 30 crore in financial technology companies

CRISIL has received an approval to invest in financial technology companies in areas/sectors that are deemed strategic for the company. The board of directors at their meeting held on October 17, 2015, has approved for the same.

A committee of senior executives has been designated to identify companies, evaluate and finalize actual investment proposals and decide the optimum methodology for the investments. The board has approved an investment of up to Rs 30 crore for such investments.

CRISIL, a Standard & Poors company, is engaged in investment research outsourcing, fund services, risk management and infrastructure advisory services. It operates as ratings, research, risk and policy advisory company.