CRISIL Limited has informed the Exchange about Other Restructuring
CRISIL · price
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The board of Coalition Development Singapore Pte. Ltd., a wholly-owned subsidiary of Crisil Limited, has approved the closure of the Singapore entity. The subsidiary contributed only 0.42% of Crisil's revenue and 0.22% of its net worth as of December 31, 2024, making it a non-material part of the business. The closure is expected to be completed within 12 months and is aimed at streamlining Crisil's global entity structure. There is no financial impact (quantitative effect is NIL) and no change to Crisil's shareholding pattern.
Negligible impact on shareholders — this is a routine restructuring of a tiny overseas subsidiary with no material effect on Crisil's financials or shareholding.