CRISIL Limited — JV/Acquisition, 12-12-2024: Acquisition

CRISIL Limited has approved a strategic investment of Rs. 33.25 crores to acquire a 4.08% stake in Online PSB Loans Limited (OPL), a digital credit infrastructure company catering to MSMEs. This move aims to enhance CRISIL's presence in the growing digital lending space, leveraging OPL's established partnerships with leading financial institutions. OPL, founded in 2015, reported a revenue of Rs. 44.87 crores in FY2023-24, marking a 37% year-on-year growth. The investment underscores CRISIL's commitment to tapping opportunities in the MSME and agriculture sectors. Completion of the deal is anticipated within 45 days, contingent on finalizing shareholder agreements.