The scrip advanced 0.48% to trade at Rs 1797.35. The stock hit its 52-week high of Rs 1811 in intraday today.

Greenwich serves over 300 of the top investment banks, corporate banks, commercial banks, asset managers and key players in the market infrastructure space globally. The acquisition will complement Crisil's existing portfolio of products and expand offerings to new segments across financial services including commercial banks and asset and wealth managers. The deal will accelerate Crisil's strategy to be the leading player in the growing market of global benchmarking analytics.

The acquisition is subject to regulatory approvals and other customary closing conditions. The deal is anticipated to close in the first quarter of 2020. Greenwich's partners and their team of approximately 150 people globally will join Crisil following the completion of the transaction.

The total cost of the acquisition is $40 million, subject to closing adjustments, and is being done on cash basis.

Crisil is India's foremost provider of ratings, data, research, analytics and solutions.

Crisil reported 16.80% rise in consolidated net profit to Rs 105.13 crore on a 2.45% increase in net sales to Rs 435.88 crore in Q3 September 2019 over Q3 September 2018.