In the first day of trading since McGraw-Hill (MHFI) announced its open offer for up to 22.23%...

|By:, SA News Editor

In the first day of trading since McGraw-Hill (MHFI) announced its open offer for up to 22.23% of Crisil, India's ratings counterpart to McGraw-owned S&P, shares jumped the full 20% allowed in a single day's trading on the BSE. McGraw-Hill Financial was already the majority shareholder in Crisil but seeks to increase its stake to 75%. Once completed, the transaction, which will be financed with existing cash resources, is expected to be immediately accretive to MHFI's EPS.