Crisil becomes S038;P146;s arm

Corbet said the combined strengths of S038;P and Crisil will be leveraged to launch an array of products in areas like structured financing, equity research services, indices, fund services, portfolio services, IPO rating, and risk management. She also indicated that S038;P8217;s need for analytic services could be outsourced to Crisil. R. Ravimohan, MD, Crisil, said the acquisition of majority stake by S038;P will not upset Crisil8217;s plans of expanding/ acquiring business overseas.

During its offer, S038;P got valid acceptances for 3,120,948 shares or 49.07 per cent of Crisil. 8220;We have achieved our stated goal of becoming majority shareholder, allowing us to integrate Crisil8217;s operations with us and to fully leverage opportunities both in India and abroad, creating additional value for all our clients,8221; she said.