BSECompany Update20h ago · 21 Jul 2026, 11:02 pm
Please find enclosed intimation regarding amalgamation of Crisil Canada Inc. and Crisil PriceMetrix Co.
Crisil Ltd · 500092
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Crisil Ltd has announced the amalgamation of its two wholly owned step-down subsidiaries, Crisil Canada Inc. and Crisil PriceMetrix Inc., to form a single entity under the name 'Crisil PriceMetrix Inc.' The amalgamation is subject to necessary statutory and regulatory approvals.
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Growth Catalyst6/10
Governance Concern2/10
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Balance Sheet Risk3/10
Liquidity Impact8/10
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Crisil Ltd - 500092 - Intimation Regarding Amalgamation Of Crisil Canada Inc. And Crisil Pricemetrix Co.
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Crisil
acomp~nyof S&PGtobat
July 21, 2026
Listing Department Listing Department
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, 5th floor P J Towers
Plot No. C/1, G Block Dalal Street
Bandra-Kurla Complex Mumbai 400 001
Bandra (East)
Mumbai 400 051
Dear Sirs/Ma’am,
Sub.: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, we wish to inform
you that the Board of Directors of Crisil Limited (“Crisil”) at its meeting held today, considered and
approved amalgamation of Crisil Canada Inc. with Crisil PriceMetrix Inc., both wholly owned
step-down subsidiaries of Crisil.
Post amalgamation both the entities will cease to exist as separate entities and will form a single entity
under the name “Crisil PriceMetrix Inc.”
The amalgamation is subject to necessary statutory and regulatory approvals under the applicable laws
of Ontario Business Corporation Act (OBCA).
The disclosure as required pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is attached as per
Annexure A.
Kindly take this communication on record and inform your members accordingly.
Yours sincerely,
For Crisil Limited
Minal Bhosale
Company Secretary & Head - Legal
ACS12999
Encl.: a/a
Cttsil Limited
Corporate identity Number: l67120MH 1987PlC042363
Registered Office: Ughtbr'idge IT Park, Said Vlha.r Road, Andh8ri East, Mumbai-400 072, India.
PhOM: +91 22 6137 3000 I Emall; lnfo@crisll.c.otn I www.ctlsll.com
Crisil
acomp~nyof S&PGtobat
Annexure A
Sr. Details of Events that need to be Information of such Events
No. provided
1. Name of the Entity forming part of Crisil PriceMetrix Inc. is a wholly owned step-down
the amalgamation/ merger, details subsidiary of Crisil. Its total income for the period from
in brief such as size, turnover etc. November 7, 2025 (date of closing of Pricemetrix
acquisition) upto December 31, 2025, was USD
1,431,352.
Crisil Canada Inc. is also a wholly owned step-down
subsidiary of Crisil. Its total income for the year ended
December 31, 2025, was USD 51,215.
2. Whether the transaction would fall The transaction involves amalgamation of two wholly
within related party transaction(s)? owned step-down subsidiaries i.e. Crisil PriceMetrix
If yes, whether the same is done at Inc. and Crisil Canada Inc. Hence, this does not fall
arms-length within the purview of related party transactions under
the Companies Act, 2013 and SEBI Listing
Regulations.
3. Area of business of the entities Crisil PriceMetrix Inc.
Crisil PriceMetrix Inc. is a Toronto-based software-as-
a-service (SaaS) and data analytics provider specialized
in wealth management, benchmarking and pricing
intelligence.
Crisil Canada Inc.
Crisil Canada Inc. provides offerings in the Research
and Benchmarking business segment.
4. Rationale for the merger The merger will consolidate Crisil’s global entity
structure.
5. In case of Cash consideration – Not Applicable, the share capital of Crisil Canada Inc.
amount or otherwise share amounting to $ 38 million will be retained as capital of
exchange ratio amalgamated entity and the share capital will be issued
to the parent company.
6. Brief details of change in Not applicable as the transaction will be between two
shareholding pattern (if any) of wholly owned step-down subsidiaries of the Company
listed entity and there will be no impact on its shareholding pattern.
Crtsil Limited
Corporate identity Number: l67120MH 1987PLC042363
Registered Office: Ughtbr'idge IT Park, Said VIM.r Road, Andh8ri East, Mumbai-400 072, India.
Ph0tte: +91 22 6137 3000 I Emall: lnfo@crisll.c.om I www.cr-lsll.com