M&A

M&A

Credit rating agency Icra to acquire remaining 40% stake in D2K Technologies for Rs.32-Cr

BSE Announcement   Business Standard  

Publicly listed, Delhi-based credit rating agency Icra is to acquire the remaining 40% stake in Mumbai-based D2K Technologies for INR 32 crore. Post transaction, Icra Analytics - a wholly owned subsidiary of ICRA - will up its stake from 60% to 100% of the equity share capital of D2K Technologies on a fully diluted basis. D2K Technologies has reported a turnover of INR 23.76 crore for FY 26; down from the INR 25.05 crore in FY 25.D2K Technologies provides banking and software services to banks, financial institutions, and corporate entities. The company’s services include the provision of digital platforms, analytics, and software solutions for risk management, mutual funds, and fixed income operations.