has received approval from National Company Law Tribunal (NCLT), New Delhi, for scheme of amalgamation filed by ICRA Management Consulting Services. The said scheme of amalgamation will be effective upon sanctioning of the scheme filed by the ICRA Online by the NCLT, Kolkata.
Earlier, the company had proposed merger of two wholly-owned subsidiaries, ICRA Online, engaged in outsourcing and information services, and ICRA Management Consulting Services, which is involved in consulting services.
ICRA is an independent and professional investment Information and credit rating agency. The company operates through four segments – Rating, research and other services; Consulting services; Outsourced and Information services, and Professional and IT Services.