CRISIL Limited (NSEI:CRISIL) entered into a binding agreement to acquire Bridge To India Energy Pvt. Ltd for INR 60 million on September 12, 2023. The consideration to be paid in cash, is subject to closing adjustments. Additionally, a payment of INR 13 million will be paid upfront as non-compete fees. Bridge To India Energy Pvt. Ltd reported revenue from operations of INR 60.7 million and profit after tax of INR 1 million and net worth of INR 10.5 million for FY March 2023. The acquisition is subject to applicable regulatory approvals and other customary conditions, and expected to close in the next three months. The Board of Directors of CRISIL Limited has approved the acquisition.

CRISIL Limited (NSEI:CRISIL) completed the acquisition of Bridge To India Energy Pvt. Ltd for INR 75.6 million on September 30, 2023.