ICRA Analytics to acquire remaining 40% of D2K for ₹32 Cr

ICRA Limited announced that its material subsidiary, ICRA Analytics Limited, has approved entering into a Share Purchase Agreement to acquire the remaining 40% equity share capital of D2K Technologies India Private Limited ("D2K") for a consideration of INR 32 crores. Upon completion, ICRA Analytics will hold 100% of D2K's equity share capital on a fully diluted basis. D2K, incorporated in 2001, reported a turnover of INR 23.76 crores for FY26. The acquisition is considered a related party transaction as D2K is an indirect subsidiary. No governmental or regulatory approvals are required, and the acquisition is contingent upon the successful execution of transaction documents.