The Hindu Business Line : Crisil board to discuss `acquisition' today

CREDIT rating agency Crisil Ltd on Tuesday said it is considering a business takeover. The company's board of directors is meeting on Wednesday to discuss a business acquisition, the agency said in a notice to the Bombay Stock Exchange.

Crisil, which has branched out into advisory, market news and equity research services, is the country's premier rating agency and was promoted by financial institutions and banks such as UTI, ICICI Bank, SBI and LIC. Currently, promoters hold 36 per cent equity followed by FIIs, which hold about 20 per cent, and proprietary trader R.K. Jhunjhunwala and associates, who own nearly 11 per cent.

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