Crisil Limited on Tuesday said it will sell 49 per cent stake in India Index Services & Products Limited (IISL) for Rs. 100 crore to NSE Strategic Investment Corp.
IISL is Crisil’s joint-venture with the National Stock Exchange (NSE) of India.
"... Crisil 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 per cent of the total equity share capital of IISL to NSE Strategic Investment Corporation Limited,” it said in a regulatory filing to the BSE.
Shares of Crisil were trading at Rs 1,120 apiece on the BSE in the afternoon trade, down 1.06 per cent from the previous close.