Business

Transunion increase stake in CIBIL

US headquartered analytics company TransUnion International Inc, has hiked it’s equity stake in Credit Information Bureau (India) Ltd (CIBIL) to 19.99 per cent from the earlier level of 10 per cent. TransUnion has bought the 9.99-per cent stake from Dun & Bradstreet Information Services India Pvt Ltd.

CIBIL is India’s first credit information bureau and contains the credit history of commercial and consumer borrowers. CIBIL provides this information to its members in the form of credit information reports. Currently CIBIL has an information base on over 150 million consumer trades, and 5 million commercial trades.cibil

TransUnion has now emerged as the single largest shareholder in CIBIL.Under the current Foreign Direct Investment regime, foreign investors can hold only upto 49 per cent stake in credit information companies.

There are more than 16 entities which hold a stake in CIBIL. Some of CIBIL’s shareholders including TransUnion, Dun & Bradstreet, State Bank of India, Housing Development & Finance Corporation and other leading banks and financial institutions of India.

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