Key Details
Symbol (NSE): Not Specified
Corporate Action: Amalgamation
Record Date: Not Specified
Nature of Scheme: Amalgamation of two wholly-owned step-down subsidiaries under Ontario Business Corporation Act (OBCA)
Entities Involved:
- Transferor Company: Crisil Canada Inc.
- Transferor Company: Crisil PriceMetrix Inc.
- Transferee/Resulting Company: Crisil PriceMetrix Inc. (post-amalgamation name)
Demerged Company: Not Applicable (amalgamation, not demerger)
Resulting Company: Crisil PriceMetrix Inc.
Share Entitlement Ratio: Not Applicable (no share exchange ratio as both are wholly-owned subsidiaries)
Implied Capital Structure Impact: The share capital of Crisil Canada Inc. amounting to $38 million will be retained as capital of the amalgamated entity. The share capital will be issued to the parent company.
Post-Allotment Listing Plan: Not Specified (entities are private subsidiaries)
Regulatory and Approval Status: Subject to necessary statutory and regulatory approvals under the applicable laws of Ontario Business Corporation Act (OBCA)
Effective Date: Not Specified
Financial Rationale: The merger will consolidate Crisil's global entity structure.
Impact on Shareholders: No impact on Crisil Limited's shareholding pattern as the transaction involves two wholly-owned step-down subsidiaries.
Financial Details of Entities
Crisil PriceMetrix Inc.:
- Status: Wholly owned step-down subsidiary of Crisil
- Business: Toronto-based software-as-a-service (SaaS) and data analytics provider specialized in wealth management, benchmarking and pricing intelligence
- Financials: Total income of USD 1,431,352 for the period from November 7, 2025 (date of closing of Pricemetrix acquisition) up to December 31, 2025
Crisil Canada Inc.:
- Status: Wholly owned step-down subsidiary of Crisil
- Business: Provides offerings in the Research and Benchmarking business segment
- Financials: Total income of USD 51,215 for the year ended December 31, 2025