Crisil rallies 17%, but ends in red; plans to buy back fully paid-up equity shares

NEW DELHI: Crisil Ltd rose as much as 17.3 per cent in intraday trade on Friday, after the rating firm said that it is considering to buy back the fully paid-up equity shares of the company.

However, the stock ended the day at Rs 1,903.85; down 4.46%, on the BSE.

The board of the company is meeting on April 28, 2015 to consider the buy back option.

"Company informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2015 to consider the proposal to buy-back the fully paid-up equity shares of the company," Crisil said in a filing before BSE.

It further informed that pursuant to it, the company will close its trading on April 24, 2015.

"No Trading Window" for the employees of Crisil Ltd and its subsidiary companies, as per the Insider Trading Code adopted by it, will close on April 24, 2015 and shall re-open only 24 hours after announcement of outcome of the Board Meeting," it added.