CREEPING AQUISITIONS
creeping aquisitions is a process in which the promoters of a company holds less than 50% of its shares, increase their stake by buying 2% of maximum permissible company;s equity ,they acquired a majority stake by two ways
either by making an open offer to the share holders, or
buying from the open market.
CRISIL
Credit Rating and Information Services of India Ltd. (CRISIL) is India’s leading Ratings, Research, Risk and Policy Advisory Company. CRISIL’s majority shareholder is Standard & Poor’s, a division of The McGraw-Hill Companies and the world’s foremost provider of financial market intelligence.it was set us in 1987 and started functioning in 1988
CRISIL offers domestic and international customers (IREVNA, international arm and a division of CRISIL handles international customers) with independent information, opinions and solutions related to credit ratings and risk assessment; energy, infrastructure and corporate advisory; research on India’s economy, industries and companies; global equity research; fund services; and risk management
CRISIL had assigned rating for 586 debt instruments originated by 462 companies, covering a debt volume of Rs 32, 142 crore.
CRISIL makes it clear about the fact that the ratings given by it is related to the particular debt instrument and is not a rating for the company as a whole, inasmuch as it takes into account the specific terms of the instruments. The rating is not a recommendation to invest or not to invest. CRISIL ratings are confidential, unless the company chooses to make them public, but if it does, CRISIL will monitor the rating over the life of the instrument. Any change in the rating so effected will be made public by CRISIL.