ICRA has agreed to sell its wholly owned subsidiary ‘ICRA Techno Analytics’ (ICTEAS) to Nihilent Technologies, a global consulting and solutions Integration Company. Edelweiss was the transaction adviser to ICRA. ICTEAS, based in Kolkata, provides information technology and business analytics services to a global client base.
The sale is contingent upon approval from the company’s shareholders and certain other conditions and is expected to be finalized in next 2-3 months. The sale of ICTEAS contributes to ICRA’s continued focus on its core credit ratings and research business.
ICRA was established in 1991 by leading Indian financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency.
| Company Name | CMP |
|---|---|
| CRISIL | 4088.10 |
| ICRA | 5338.10 |
| Care Ratings | 1602.10 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: