ICRA moves up on acquiring 60% stake in D2K Technologies India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
ICRA is currently trading at Rs. 5464.85, up by 29.55 points or 0.54% from its previous closing of Rs. 5435.30 on the BSE.
The scrip opened at Rs. 5597.45 and has touched a high and low of Rs. 5597.45 and Rs. 5464.85 respectively. So far 2 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6244.65 on 18-Aug-2023 and a 52 week low of Rs. 3907.60 on 14-Nov-2022.
Last one week high and low of the scrip stood at Rs. 5633.35 and Rs. 5337.75 respectively. The current market cap of the company is Rs. 5245.73 crore.
The promoters holding in the company stood at 51.87%, while Institutions and Non-Institutions held 32.14% and 15.99% respectively.
ICRA has acquired 60% shareholding in D2K Technologies India (D2K), for an aggregate consideration of Rs 15.4 crore on November 10, 2023, and consequently D2K has become a step-down subsidiary of ICRA. D2K is engaged in the business of providing banking and finance solutions, software services to banks and other financial institutions, corporate etc.
ICRA was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency.
