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CRISIL to acquire entire stake in Pragmatix Services for Rs 56 crore

16 Nov 2017 Evaluate

CRISIL has executed binding agreements to acquire 100% of the equity share capital of Pragmatix Services at a consideration not exceeding Rs 56 crore. The acquisition is subject to regulatory approvals as applicable and meeting other customary closing conditions.

The acquisition will strengthen CRISIL’s position as an agile, innovative and global analytics company. It will enable CRISIL to leverage its deep domain expertise and enhance its business intelligence, analytics and risk management offerings for financial sector clients in India and globally. Pragmatix’s solutions will supplement CRISIL’s offerings & accelerate acquiring retail and commercial banking customers and diversify the strong presence CRISIL enjoys with global financial institutions.

CRISIL is a global analytical company providing ratings, research and risk & policy advisory services. It rates the entire range of debt instruments: bank loans, certificates of deposit, commercial paper, non-convertible debentures, bank hybrid capital instruments, asset-backed securities, mortgage-backed securities, perpetual bonds, and partial guarantees.


CRISIL Share Price

4335.25 220.40 (5.36%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
CRISIL 4335.25
ICRA 5461.30
Care Ratings 1621.00
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