16-Apr-12 |
5:00 PM |
CRISIL |
Crisil House,Hiranandani Business Park |
Crisil has posted consolidated net profit of Rs 569.8 million for the quarter ended March 31, 2012 as compared to Rs 459.9 million for the quarter ended March 31, 2011, representing an increase of 23.92%.
Total consolidated income has increased from Rs 1.81 billion for the quarter ended March 31, 2011 to Rs 2.34 billion for the quarter ended March 31, 2012, representing an increase of 29.28%.
The board of directors of the company at its meeting held on April 16, 2012, inter alia, has considered and approved the following:
Declaration of first interim dividend at Rs 3 a share having nominal face value of Re 1 a share for the year ended December 31, 2012.
Declaration of silver
jubilee one-time special dividend at Rs 3 a share having nominal face
value of Re 1 a share for the year ended December 31, 2012.
Shares of the company gained Rs 8.4, or 0.79%, to settle at Rs 1,069.20. The total volume of shares traded was 3,568 at the BSE (Monday).
CRISIL Acquires UK Based Coalition Development | |
BANKING/FINANCIAL SERVICES | CHARMI GUTKA |
CRISIL is acquiring 100% stake in UK based analytics firm - Coalition Development Limited along with its subsidiaries. The all cash transaction has a maximum payout of R250Cr (GBP 29 MN) with earn outs over two years, linked to achievement of specified milestones for the Coalition’s future revenues and profits. The acquisition will expand CRISIL's services offerings and customer base. Coalition will be part of CRISIL Global Research and Analytics business. |