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CRISIL India to Sell its Stake in IISL

CRISIL Ltd, a subsidiary of S&P, has informed the Indian Stock Exchange that the it will be selling its equity stake in India Index Services & Products Limited (IISL), comprising 6,37,000 equity shares of face value Rs. 10 each and representing 49% of the total equity share capital of IISL, its Joint Venture with National Stock Exchange of India Limited (NSE).

The stake will be sold to NSE Strategic Investment Corporation Limited for a total consideration of Rs. 100 crore.

Source: indiainfonline.com

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