Crisil erases early gains on profit booking
The stock rallied nearly 17% on the NSE in early morning trade after it announced share buyback plan.
 "Crisil erases early gains on profit booking")
Shares of credit rating company CRISIL were trading lower by 2% at Rs 1,963, falling 16% from its intra-day high on the National Stock Exchange (NSE) on profit booking at higher levels.
The stock rallied 17% to Rs 2,340 on the NSE in early morning trade after it announced share buyback plan.
A meeting of the board of directors of the company will be held on April 28, 2015, to consider the proposal to buy-back the fully paid-up equity shares of the company, CRISIL said in a filing.
The stock rallied 17% to Rs 2,340 on the NSE in early morning trade after it announced share buyback plan.
A meeting of the board of directors of the company will be held on April 28, 2015, to consider the proposal to buy-back the fully paid-up equity shares of the company, CRISIL said in a filing.
As of March 2015, the promoters S & P India LLC and Mc Graw Hill Asian Holdings (Singapore) Pte Ltd collectively held 67.03% stake in the company. Individual shareholders held 13.14% stake, followed by domestic institutional investors (11.01%) and foreign institutional investors (7.44%), while the remaining 1.4% stake with the bodies corporate and others.
The stock opened at Rs 2,125 and touched a low of Rs 1,952 on the NSE so far. Till 1146 hours, a combined 276,471 shares changed hands on the counter on the NSE and BSE.