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CRISIL completes Greenwich acquisition

Posted On: 2020-02-26 09:07:35

CRISIL has completed the acquisition of 100% stake in Greenwich Associates LLC ('Greenwich') today. The transaction was announced on December 19, 2019.

Greenwich is a well-established and leading provider of proprietary benchmarking data, analytics, and qualitative, insights to financial services firms worldwide. Based in Stamford, Connecticut, it serves over 300 clients across top investment banks, corporate banks, commercial banks, asset managers and key players in the market infrastructure space globally.

Ashu Suyash, Managing Director & CEO, CRISIL, said, "Greenwich will accelerate CRISIL's strategy to be the leading player in the growing market of global benchmarking analytics across financial services. Greenwich's deep expertise in 'Voice of Customer' surveys, proprietary data assets, and capabilities to source and aggregate high value performance data will complement CRISIL's exiting offerings. We are very excited to be able to bring new, powerful and unique analytics to our clients through this acquisition."

Shares of CRISIL LTD. was last trading in BSE at Rs.1641.9 as compared to the previous close of Rs. 1660.8. The total number of shares traded during the day was 609 in over 160 trades.

The stock hit an intraday high of Rs. 1710 and intraday low of 1629.1. The net turnover during the day was Rs. 1013165.


Source: Equity Bulls

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