CRISIL mulls share buyback

CRISIL, the McGraw Hill Financial-promoted credit rating company might go for a share buyback programme. The company in a filing on Thursday said its board would meet on Tuesday to discuss this. The buyback, if accepted, will come in about two years of McGraw Hill's voluntary open offer, through which the promoter had raised its stake in the company by 15 per cent to 67.84 per cent. Shares of CRISIL on Thursday ended at Rs 1,992, down nearly one per cent on the

BSE. Shares of the rating agency have dropped 15 per cent in the past week, after announcing disappointing March quarter numbers.