Crisil Limited Amalgamates Two Subsidiaries to Consolidate Global Entity Structure
Crisil Limited has approved the amalgamation of two wholly owned step-down subsidiaries, Crisil Canada Inc. and Crisil PriceMetrix Inc., forming a single unified entity under the name 'Crisil PriceMetrix Inc.' This strategic move is intended to consolidate the company's global entity structure.The merger involves both specialized subsidiaries, which will cease to exist as separate entities upon completion of the amalgamation. The transaction remains subject to necessary statutory and regulatory approvals under the Ontario Business Corporation Act (OBCA).
As part of the transition, the share capital of Crisil Canada Inc., amounting to $38 million, will be retained as capital of the amalgamated entity and issued to the parent company.
The two companies involved in the amalgamation are wholly owned step-down subsidiaries of Crisil Limited. Details regarding their operations and financial standing prior to the merger are provided below:
| Entity | Business Segment | Total Income (Period) |
|---|---|---|
| Crisil PriceMetrix Inc. | Toronto-based software-as-a-service (SaaS) and data analytics provider specialized in wealth management, benchmarking, and pricing intelligence. | USD 1,431,352 (Nov 7, 2025 to Dec 31, 2025) |
| Crisil Canada Inc. | Provides offerings in the Research and Benchmarking business segment. | USD 51,215 (Year ended December 31, 2025) |
The amalgamation between the two wholly owned subsidiaries will have no impact on Crisil's shareholding pattern. The primary rationale for the merger is to streamline and consolidate Crisil’s existing global entity structure.
CRISIL Stock Price Movement
On Tuesday, Crisil Limited shares edged higher, gaining ₹72.20 or 1.71%, to settle at ₹4302.4 in the market close. The stock closed amidst a trading range between ₹4226.7 and ₹4340, with 120,746 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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