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McGraw Hill Financial ups investment in Indian credit ratings firm

Published on .

New York—McGraw Hill Financial has made an offer to acquire additional equity shares of CRISIL (Credit Rating Information Services of India Ltd.), an India-based credit ratings, research and global analytical company. McGraw Hill Financial currently owns 52.77% of CRISIL and has offered to buy an additional 22.23% of outstanding shares. Acceptance of the offer would increase McGraw Hill Financial's total stake in CRISIL to 75%. McGraw Hill Financial will finance the transaction, valued at approximately $340 million, with cash, according to a company statement.
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