New Delhi, Oct. 17 -- ICRA Limited has completed the acquisition of a 98.75% stake in Fintellix India Private Limited, a Bengaluru-based RegTech and risk solutions company, the credit rating agency disclosed in a stock exchange filing on 17 October. The acquisition, valued at Rs.245.63 crores (approximately $27.9 million), aims to expand ICRA's risk technology portfolio.

On June 12, 2025, ICRA's Board of Directors initially approved the acquisition, which was executed through a secondary purchase following the execution of a Share Purchase Agreement (SPA) and other transaction documents. The remaining 1.25% of Fintellix's shareholding is set to be acquired later, pending requisite regulatory approvals. This move aligns with ICRA's strate...