ICRA Limited — JV/Acquisition, 29-06-2026: Acquisition

ICRA Analytics, a subsidiary of ICRA, is acquiring the remaining 40% stake in D2K Technologies India for INR 32 Cr. This move will make D2K a 100% owned step-down subsidiary, fully integrating its operations. D2K specializes in providing banking and finance software solutions to financial institutions and corporates, reporting a turnover of INR 23.76 Cr in FY26. The acquisition solidifies ICRA's position in information and communication technology by gaining full control over D2K's specialized capabilities in financial services solutions. This enhances its product portfolio and operational synergy.