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

Spicejet's cargo arm launches freighter services on Guwahati-Hong Kong route

Spicejet's cargo arm SpiceXpress has launched dedicated freighter services between Guwahati and Hong Kong with a weekly flight, starting January 19, 2019. With this launch, SpiceXpress will be the first......

Reliance Industries to invest Rs 3 lakh crore in Gujarat in next 10 years

Reliance Industries has committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat that may range from energy and petrochemical to new technology and digital business. The......

Wipro reports 32% rise in Q3 consolidated net profit

Wipro has reported results for third quarter ended December 31, 2018. The company has reported a rise of 39.56% in its net profit at Rs 2,518.40 crore for the quarter under review as compared to Rs 1,804.50......

Top News

View all news

Spicejet's cargo arm launches freighter services on Guwahati-Hong Kong route

Spicejet's cargo arm SpiceXpress has launched dedicated freighter services between Guwahati and Hong Kong with a weekly flight, starting January 19, 2019. With this launch, SpiceXpress will be the first......

Reliance Industries to invest Rs 3 lakh crore in Gujarat in next 10 years

Reliance Industries has committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat that may range from energy and petrochemical to new technology and digital business. The......

Wipro reports 32% rise in Q3 consolidated net profit

Wipro has reported results for third quarter ended December 31, 2018. The company has reported a rise of 39.56% in its net profit at Rs 2,518.40 crore for the quarter under review as compared to Rs 1,804.50......