ICRA has informed that the Board of Directors of ICRA Analytics, a wholly owned subsidiary of ICRA, in the meeting held today, has approved the proposal to invest upto INR 5.5 crore in the preference shares of D2K Technologies India (“D2K”). D2K is a step-down subsidiary of the Company. There will not be any change in the equity shareholding as on date due to subscription of preference shares. Also enclosed a disclosure in this regard. This disclosure is being made in compliance with Regulation 30 of the Listing Regulations, as amended. This will also be hosted on the Company’s website, https://www.icra.in.
The above information is a part of company’s filings submitted to BSE.
