ICRA Limited acquires remaining stake in Fintellix, making it a wholly-owned subsidiary
ICRA Limited has completed the acquisition of the remaining 1.25% shareholding in Fintellix India Private Limited, formalizing its control and establishing the company as a wholly-owned subsidiary. The transaction was executed with a consideration of INR 3.17 crores, and cash payment constituted the entire cost of acquiring the shares.With this acquisition, ICRA Limited has ensured that Fintellix India Private Limited operates entirely under its umbrella, solidifying its position within the company's operations. Consequently, subsidiaries of ICRA have also become step down wholly-owned subsidiaries as of the completion of the purchase.
Fintellix, a specialized entity in risk and data analytics solutions, was acquired to expand ICRA’s portfolio. The acquisition completes the control structure over Fintellix, which specializes in risk, supervisory, and data analytics solutions delivered via its proprietary data platform.
The details of the target company, Fintellix India Private Limited, are outlined below:
| Particular | Detail |
|---|---|
| Company Name | Fintellix India Private Limited |
| Incorporation Date | March 17, 2006 |
| Headquarters | Bengaluru, Karnataka, India |
| Industry | Software products & services |
| Acquired Shareholding | 1.25% (comprising 62,500 equity shares of INR 10 each) |
Fintellix is a product-led company that focuses on risk and supervisory data analytics solutions. The turnover figures for the last three years provided are as follows:
| Financial Year | Turnover |
|---|---|
| FY 26 | INR 93.3 crore |
| FY 25 | INR 80.3 crore |
| FY 24 | INR 74.7 crore |
ICRA Stock Price Movement
Shares of ICRA Limited are slipping by 0.73% in live trading, currently at ₹4710.50 after shedding ₹34.50 as market activity continues toward the 3:00 PM mark. The stock trades near its yearly low of ₹4692, with the decline reflecting intense selling pressure despite a volume of 27,638 shares traded thus far.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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