ICRA Finishes Acquisition of 98.75% Stake in Fintellix India, Expands Risk Analytics Portfolio

ICRA Limited has completed the acquisition of a 98.75% stake in Bengaluru-based Fintellix India Private Limited for ₹245.63 crore. As per the exchange filings, the transaction was carried out through a secondary share purchase, and confirmation of the transfer was received on October 17, 2025. 

Following this, Fintellix has become a subsidiary of ICRA, while its subsidiaries are now step-down subsidiaries. The remaining 1.25% stake will be acquired later, subject to necessary regulatory approvals.

Transaction Nature and Payment

The acquisition does not fall under related party transactions, and none of ICRA’s promoters, promoter group, or group companies have any interest in Fintellix. The deal was completed through cash consideration and includes 49,29,998 equity shares of ₹10 each, representing 98.75% of Fintellix’s fully diluted share capital. The remaining 1.25% will be acquired in due course.

Except for the required filings and foreign exchange approvals, no additional regulatory permissions were needed for this transaction. 

About the Target Company

Fintellix India Private Limited, incorporated in 2006, operates in the software products and services segment. The company offers risk, supervisory, and data analytics solutions through its proprietary data platform. It works with banks, NBFCs, and regulatory authorities across India and other global markets. Fintellix reported a turnover of ₹81.5 crore in FY25, ₹76.1 crore in FY24, and ₹87.7 crore in FY23.

Fintellix provides technology-driven solutions that support financial institutions and regulators in managing compliance and reporting requirements. Its products are used by over 30 financial institutions in India, the UK, and the US.

ICRA Share Price Performance 

As of October 20, 2025, 9:52 AM, ICRA share price was trading at ₹6,275, a 0.22% increase from the previous closing price.

Read More: Marico Acquires Full Ownership of True Elements: Deal Valued at ₹138 Crore

Conclusion

With the completion of this acquisition, Fintellix is now part of ICRA Limited. The remaining minority stake will be transferred once regulatory approvals are obtained. The total transaction value stands at ₹245.63 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.