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| Exchange Disseminated Time | CRISIL Ltd has informed BSE that the Board of Directors of CRISIL Limited, through circulation, on June 5, 2013, has taken note of the Voluntary Open Offer under Regulation 6 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, for acquisition of 15,670,372 equity shares representing 22.23% of the voting capital of CRISIL Limited, made by McGraw-Hill Asian Holdings (Singapore) Pte Limited ("the acquirer") along with S&P India LLC, Standard & Poor's International LLC and McGraw Hill Financial, Inc, in their capacity as "Persons acting in Concert" with the acquirer.
Further, in terms of the requirements of Regulation 26(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, the Board of Directors has constituted a Committee of Independent Directors of CRISIL comprising of Mr. B. V. Bhargava, Mr. H. N. Sinor, Ms. Rama Bijapurkar and Dr. Nachiket Mor, to provide reasoned recommendations to the shareholders of CRISIL Limited on the Voluntary Open Offer from the acquirer. |
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