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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)

SIFY 15.61

+6.7%

3:59 PM EST

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To: Mohan Marette who wrote (891)	2/26/2000 8:40:00 AM
From: Mohan Marette	Read Replies (1) of 1471

CRISIL in JV with Satyam Infoway 26-02-2000 16:43:10 The Credit Rating Information Services of India Ltd (CRISIL) has entered into an agreement with internet service provider Satyam Infoway to improve B2B (business to business) e-commerce on the Internet. "CRISIL has joined hands with Satyam Infoway to develop a series of initiatives to improve the B2B e-commerce on the net," the rating agency said in a statement. The statement said the two companies were exploring various models to work together to develop standards, processes, methodologies, research information and service performance ratings for companies. -Source: Reuters via IiL ====================== About Crisil Pioneering a Concept Established in 1987, The Credit Rating Information Services of India Limited (CRISIL), has initiated the concept of credit rating in India. CRISIL is India's premier credit rating agency and ranks amongst the top five credit rating agencies in the world. CRISIL's core competencies are in the areas of risk identification, classification and assessment. Promoters CRISIL was promoted by leading Indian financial institutions like The Industrial Credit and Investment Corporation of India Limited (ICICI), Unit Trust of India (UTI) and Housing Development Finance Corporation Limited (HDFC). Other prominent shareholders include Standard & Poor's, Life Insurance Corporation, General Insurance Corporation of India and its subsidiaries, nationalised and foreign banks. Shareholding Pattern CRISIL became one of the few rating agencies in the world to be listed on a stock exchange when it made its first public offer of equity in November 1993. The shareholding pattern as on December 31, 1999: Foreign Institutional Investors 19.57% Individuals 13.82% ICICI 12.82% UTI 12.44% Nationalised Banks 10.09% Standard & Poor's 9.68% Insurance Companies 6.46% Corporate Bodies 5.94% Mutual Funds 6.20% Other Banks 2.42% Directors & their relatives 0.35% NRIs 0.19%

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