Markets: FIIs net buyers in equities
Mumbai: The Foreign Institutional Investors (FIIs) recorded net purchases of Rs530.3 crore in equities for the trading week ended April 8. They were also net sellers at Rs40.20 crore in the debt market for the period under review, according to the Securities and Exchange Board of India (SEBI) data.

Overseas funds were net buyers in equities on all trading days of the week and recorded inflows of Rs244 crore on April 5.
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S&P raises offer price for Crisil to Rs775
Mumbai: The global rating agency Standard & Poor's has raised the price of its open offer for Crisil's share to Rs775. Its earlier offer was priced at Rs680 per share. At the same time, S&P has also increased the offer size by 10 percentage points to 65.57 per cent of the company's equity. This is the final offer as the last day for revisions is April 11, according to a company press release issued on Sunday.

The McGraw-Hill Companies Inc, on behalf of its Standard & Poor's division, made a voluntary conditional open offer to the shareholders of Crisil on February 17.

Under the revised offer, S&P is seeking to purchase up to 41.7 lakh shares, subject to a minimum response level of 26.4 lakh shares at the revised price of Rs775 a share. The conditional offer, if accepted in full by Crisil shareholders, would make S&P the majority shareholder of Crisil with 75 per cent of the voting capital.

The revised price represents a premium of 55.74 per cent over the 26-week statutory price and a 34.53-per cent premium over the 2-week statutory price, the release said. Shareholders who have tendered at Rs680 will also be eligible for this new price of Rs775.

The offer opened on April 6 and will close on April 25.
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