Please find attached disclosure under Regulation 30 of SEBI Listing Regulations.
CRISIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Crisil Limited's Board has approved the acquisition of 100% equity stake in McKinsey PriceMetrix Co., a Toronto-based software and benchmarking solutions provider for wealth management firms, for USD 38 million (approximately INR 335 crore) in cash. PriceMetrix, founded in 2000, is a step-down subsidiary of McKinsey & Company and reported revenue of INR 94.2 crore and profit after tax of INR 21.5 crore in 2024. The deal will be executed through Crisil Canada Inc., a wholly owned step-down subsidiary, and PriceMetrix will be integrated with Crisil Coalition Greenwich. The acquisition is expected to close within 180 days, subject to customary closing conditions, and does not require any government or regulatory approvals.
This acquisition strengthens Crisil's foothold in the global wealth management analytics space and adds a strong data asset covering $8 trillion in AUM. For shareholders, it represents a strategic, earnings-accretive expansion into a high-growth adjacent market, likely to enhance long-term revenue diversification and global benchmarking capabilities.