Crisil extends gain, hits 52-wk high on acquisition of Greenwich Associates

The stock was up 7% to Rs 1,921 on Monday, rallied 27% in past one month, as compared to 3% rise in the S&P BSE Sensex.

Shares of Crisil surged 7 per cent and hit a fresh 52-week high of Rs 1,921 on the BSE on Monday, extending its Friday's 1 per cent gain, after the company said it will acquire a Stamford, Connecticut-based company Greenwich Associates LLC. The $40 million acquisition will be done through Crisil's subsidiary, CRISIL Irevna US LLC and will be funded entirely through internal accruals.

The stock was trading at its highest level since May 30, 2018. In the past one month, it has rallied 27 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex.

Greenwich is