CRISIL board approves amalgamation of two Canadian step-down subsidiaries
CRISIL · price
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The CRISIL board approved the amalgamation of Crisil Canada Inc. with Crisil PriceMetrix Inc., both wholly owned step-down subsidiaries. Post-merger, both entities will merge into a single entity called Crisil PriceMetrix Inc. The move consolidates CRISIL's global entity structure and is subject to approvals under the Ontario Business Corporation Act. No cash consideration or share exchange applies. Crisil Canada Inc.'s $38 million share capital will be retained. No impact on CRISIL's shareholding pattern.
Internal restructuring between two wholly owned subsidiaries. No impact on CRISIL's shareholding, financials, or shareholders. Operational consolidation only.