Crisil shares surge 20%; McGraw Hill to increase stake

McGraw Hill has offered to increase its stake in the agency to 75% from 52.7%

Crisil Ltd shares surged by their daily limit of 20% on Monday after McGraw Hill Financial Inc offered to increase its stake in the domestic ratings agency to 75% from 52.77%.

McGraw Hill announced an open offer of Rs 1,210 per share, marking a premium over Crisil's record high of Rs 1,150.3 hit on April 2012.