ICRA Share Price in Focus; To Acquire Remaining 40% Stake in D2K Technologies

ICRA Analytics Limited, a material subsidiary of ICRA Limited, has approved the acquisition of the remaining 40% equity stake in D2K Technologies India Private Limited. 

The transaction, valued at ₹32 crore, will increase ICRA Analytics holding in D2K to 100% on a fully diluted basis, making the company a wholly owned step-down subsidiary of ICRA upon completion. 

ICRA’s Acquisition Structure 

The acquisition will be executed through a Share Purchase Agreement (SPA) along with amendments to the existing investment agreement signed with D2K and its shareholders. 

The purchase involves 4,00,000 equity shares with a face value of ₹10 each, and the consideration will be paid entirely in cash. 

Expansion of Ownership 

ICRA Analytics currently holds a 60% stake in D2K. Following the acquisition of the remaining 40%, the company will own the entire equity share capital of D2K. 

The transaction marks the completion of ICRA Analytics ownership in the technology company. 

D2K Technologies Business Profile 

Established on 4 May 2001 and headquartered in Mumbai, D2K Technologies operates in the information and communication sector. 

It provides banking and finance solutions along with software services for banks, financial institutions and corporate clients. 

The company reported a turnover of ₹23.76 crore in FY26, compared with ₹25.05 crore in FY25 and ₹18.58 crore in FY24. 

Read More: PFC and REC Share Price in Focus as Board Approves Merger Scheme! 

ICRA Share Price Performance  

As of 29 June 2026, at 3:30 PM, ICRA Limited share price closed at ₹5,290 per share, reflecting a decline of 1.05% from the previous closing price.  

Conclusion 

The acquisition will take ICRA Analytics ownership in D2K to 100%, completing the transition of the technology company into a wholly owned step-down subsidiary of ICRA. 

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