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Acquisitions28 Jul 2026, 02:51 pm

ICRA Acquires Remaining 1.25% in Fintellix for ₹3.17 Cr

AI Summary

ICRA Limited has acquired the remaining 1.25% shareholding in Fintellix India Private Limited for a cash consideration of INR 3.17 crores. This acquisition makes Fintellix a wholly-owned subsidiary of ICRA. Fintellix specializes in risk, supervisory, and data analytics solutions on its proprietary data platform. For FY26, Fintellix reported a turnover of INR 93.3 crore. This move consolidates ICRA's control over its subsidiary, enhancing its integrated service offerings in the financial data and analytics space. No governmental or regulatory approvals were required for this transaction.

Key Highlights

  • ICRA completes acquisition of remaining 1.25% stake in Fintellix.
  • Transaction value stands at ₹3.17 crores, paid in cash.
  • Fintellix is now a wholly-owned subsidiary of ICRA.
  • Fintellix reported FY26 turnover of ₹93.3 crore.
  • No regulatory approvals were needed for the acquisition.