India's Crisil rises after SEBI gives approval as ESG-ratings provider
26/04/2024 09:06
** Shares of Crisil CRSL.NS rise as much as 6.18% to 4,623
rupees; stock last up 3%
** The analytics company engaged in providing ratings says
its subsidiary Crisil ESG Ratings & Analytics gets approval from
India's market regulator as a provider of environmental, social
and governance (ESG) ratings
** "Approval of Securities and Exchange Board of India
(SEBI) comes at an opportune time when ESG disclosures have been
improving," says Amish Mehta, managing director and chief
executive of Crisil
** Adds "there is increasing realisation on need for
independent ESG ratings in financial markets"
** CRSL launched its ESG "scoring" business in 2021 and has
expanded coverage to 1,000 companies across 65 sectors
** Stock most active since Feb. 20, with a trading volume of
170,697 shares as of 1:32 p.m. IST - LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))