ICRA Analytics to acquire remaining 40% in D2K Technologies for INR 32 cr

Listed Co AcquisitionStrategic Transactions View source PDF

ICRA · price

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Price reaction · full curve 14 horizons · vs prior close

-1.8%1-day move

₹5350.00

prior close

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AI summary

ICRA's material subsidiary ICRA Analytics will acquire the remaining 40% stake in D2K Technologies India for INR 32 crores in cash, making it a wholly owned step-down subsidiary. D2K, already a 60% indirect subsidiary, provides banking and finance software solutions to banks and financial institutions, with FY26 turnover of INR 23.76 crores (FY25: INR 25.05 crores). No regulatory approvals are required and the deal is a related party transaction done at arm's length.

Likely market impact

Consolidates 100% of D2K's revenue and profits within ICRA group. Small bolt-on, limited standalone impact on ICRA's earnings.