Crisil gains on board nod for investment in financial IT firms

The Board has approved an investment of upto Rs. 30 crore for investment in financial technology companies

Shares of CRISIL were up over 1% at Rs 2,009 after the company said its board, at its meeting held on October 17, 2015, approved the proposal to invest in financial technology companies in areas/sectors that are deemed strategic for CRISIL.

A Committee of senior executives has been designated to identify companies, evaluate and finalise actual investment proposals and decide the optimum methodology for the investments, the company said in a release.

The Board has approved an investment of upto Rs. 30 crore for such investments, the release added.

The stock opened at Rs 1,999 and touched a high of Rs 2,019. At 12:50pm, over 10,000 shares were traded on both the stock exchanges.