CRISIL share price extended the gains on the fourth day and touched 52-week high of Rs 5,740 on December 14 following the company board approved to acquire minority stake in Online PSB Loans.
At 10:20am, CRISIL was quoting at Rs 5,709.15, up Rs 183.55, or 3.32 percent, on the BSE.
The board of directors of CRISIL has approved an investment in the equity capital of Online PSB Loans of an amount of Rs 33.25 crore, to acquire a 4.08 percent stake, on post-money, fully diluted basis.
The investment is subject to meeting customary closing conditions and not require any governmental or regulatory approvals.
Also, the said investment is subject to negotiating the definitive shareholders’ agreements, closing of the offer process and executing necessary documentation.
It is expected to be completed within 45 days from the execution of the definitive shareholders’ agreement, subject to mutually agreed extensions amongst the parties.
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The company's Q2FY25 net profit increased by 12.8 percent to Rs 171.55 crore, YoY.
The share touched a 52-week high of Rs 5,675.00 and a 52-week low of Rs 3,665.10 on 22 November, 2024 and 25 January, 2024, respectively. Currently, the stock is trading 2.24 percent below its 52-week high and 51.36 percent above its 52-week low.
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