Crisil Limited Extends Timeline for Coalition Singapore Closure Amid Regulatory Awaits
Crisil Limited has updated the operational status of its wholly owned subsidiary, Coalition Development Singapore Pte. Ltd., noting that the closure process is taking longer than initially expected.The company confirmed that Coalition Singapore remains non-operational and currently holds no ongoing business activities. This follows a previous announcement regarding the intended shutdown of the entity.
Initially, the completion of Coalition Singapore’s closure was anticipated within one year, specifically by July 21, 2026. However, the closure has not yet been finalized as necessary regulatory approvals in Singapore are still pending.
The expected timeline for completing the subsidiary's closure has now been extended to within the next twelve months, setting a new completion target date of July 20, 2027. The final effective date of closure will be communicated once all required statutory approvals have been received.
CRISIL Stock Price Movement
Crisil Limited's stock is climbing at 11:19 AM, gaining 0.86% and trading at ₹4270 after a strong increase of ₹36.20. The equity has seen significant activity thus far in the live market, with 25,544 shares traded.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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