S&P, NSE, Crisil in JV

MUMBAI, MARCH 17: Standard & Poor’s Financial Information Services (S&P), the world’s leading provider of index services, National Stock Exchange (NSE) and Credit Rating Information Services of India Ltd (Crisil) have agreed to form a joint venture for launching equity index business in India.

Announcing this to the newsmen here today, S H Khan, chairman of NSE, has said that this development takes further significance due to the timely introduction of such strongly branded indexes just ahead of the imminent introduction of derivatives trading in the country.

Khan said, under the alliance, NSE and Crisil will combine their index business in a joint venture company proposed to be incorporated shortly. Apart from licensing its trade mark and co-branding the indices, S&P will play a central role in the operations of the joint venture.