CRISIL’s board has approved the acquisition of 100% of the equity share capital of Bridge to India Energy, at a consideration of Rs 6 crore, subject to closing adjustments. Additionally, a payment of Rs 1.3 crore will be paid upfront as non-compete fees. The binding agreement with respect to the acquisition has been signed on September 12, 2023. The acquisition will augment CRISIL’s existing offerings and bolster its market positioning in the renewable energy space.
CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services.
