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Icra Limited


ICRA Limited appointed Naresh Takkar CEO of Group ICRA, succeeding PK Choudhury, effective immediately. Mr. Takkar will continue to hold his current title as Managing Director and CEO of ICRA, Limited. “Mr. Takkar has provided strong leadership to ICRA over a career spanning more than 20 years with the company, and he will be able to leverage his knowledge and ... Read More »

ICRA Rating India: Chairman P.K. Choudhury to Retire

PK Choudhury to Retire from ICRA, Board Names Arun Duggal as Chairman Designate The Board of Directors of ICRA Limited today notified the Stock Exchanges that Mr. Pranab Kumar Choudhury intends to retire from ICRA.  He will resign as Chairman of ICRA Limited, CEO of Group ICRA, and as Chairman of all related entities effective January 29, 2015. At its ... Read More »

Moody’s to Acquire Full Ownership of Copal Amba

Moody’s Corporation (NYSE:MCO) announced today that it has agreed to acquire the remaining outstanding shares of Copal Amba.  Moody’s is currently a majority owner of Copal Amba, which was formed through the acquisitions of Copal Partners in 2011 and Amba Investment Services in 2013.  Copal Amba, a leader in the market for Knowledge Process Outsourcing (KPO), provides offshore research, analytics ... Read More »

Moody’s Secures Majority Equity Ownership Stake in ICRA

Moody’s Corporation (NYSE:MCO) announced that it has secured a majority equity ownership stake in ICRA Ltd., a leading provider of credit ratings and research in India, increasing its stake from 28.5% to over 50.0%. “The successful conclusion of our offer for a majority stake in ICRA will allow us to extend our strong ties as we work together to serve ... Read More »

Moody’s Announces Conditional Offer to Acquire Majority Interest in ICRA

Moody’s Corporation announced a conditional open offer to acquire up to 2,650,000 equity shares of ICRA Limited, a leading provider of credit ratings and research in India. The offer is conditional upon acquiring at least 2,149,101 equity shares, which would increase Moody’s ownership stake from 28.5% to just over 50.0%. Full acceptance of the offer would increase Moody’s ownership stake ... Read More »

India: Trends and Sector Outlook for the Commercial Vehicle Industry

ICRA invites interested parties to a teleconference on December 12, 2012 (Wednesday) at 4.30 PM (IST) on Trends and Sector Outlook for the Commercial Vehicle Industry The presentation (about 20 minutes) would be followed by Q&A session with the participants. The presentation and Q&A would be addressed by: Mr Shamsher Dewan, Assistant Vice President Mr Jitin Makkar, Assistant Vice President ... Read More »

ICRA Poised to Offer Rating Services in Nepal

India’s rating major ICRA Limited (ICRA) is poised to offer credit rating services in Nepal following the grant of rating licence to its subsidiary ICRA Nepal Limited (ICRA Nepal) by the Securities Board of Nepal (SEBON). ICRA Nepal was incorporated in November 2011 as a subsidiary of ICRA, which has a 51 per cent equity holding in the company; the ... Read More »

ICRA Techno Analytics Picking Up Majority Stake in US Tech Firm

ICRA Techno Analytics Limited (ICTEAS), the Kolkata-headquartered software solutions company promoted by the Indian rating major ICRA Limited, is picking up a majority stake in BPA Technologies, Inc., a California-based global business consulting and software technology services firm with development centres in Chennai and Visakhapatnam, besides a sales and customer service centre in Singapore.  Focused on Enterprise Content Management, Enterprise ... Read More »