Breaking News

You are here » Indian-Commodity  :  Corporate  :  ICRA to sell ICTEAS to Nihilent Technologies

06-Aug2016

ICRA to sell ICTEAS to Nihilent Technologies

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.



Related News

View all news

Powerhouse Gym rebrands all its gyms in Mumbai

Powerhouse Gym & Wellness has rebranded all its gyms located at Kandivali West, Borivali west, Chembur, Matunga, Chowpatty, Andheri East to 'Hanman Fitness'. The center has ceased to use the brand......

PNB plans to sell non-core assets worth Rs 8,600 crore during FY19

Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile,......

SBI launches YONO six-day shopping festival

State Bank of India's (SBI) digital service platform YONO has launched a six-day shopping festival beginning October 16 in which customers using the app for shopping via online portals can avail discounts.......

Top News

View all news

PNB plans to sell non-core assets worth Rs 8,600 crore during FY19

Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile,......

SBI launches YONO six-day shopping festival

State Bank of India's (SBI) digital service platform YONO has launched a six-day shopping festival beginning October 16 in which customers using the app for shopping via online portals can avail discounts.......

Victory Paper to set up textile unit in Tamil Nadu

Victory Paper and Boards has received an approval for setting up of textile unit at Karur in the state of Tamil Nadu as a part of diversification of the operations of the company and purchase of 32.73......