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CRISIL to acquire 100% stake in Pragmatix

IANS  |  New Delhi 

Ratings agency has entered into a definitive agreement to acquire 100 per cent of the equity of Pragmatix Services Private Limited, an official statement said here on Wednesday.

"The transaction is at a total consideration of upto Rs 56 crore. The acquisition is subject to regulatory approvals and other customary closing conditions. The parties expect to close the transaction during the first quarter of 2018," the statement said.

Pragmatix is a data analytics company focused on Banking, Financial Services & Insurance (BFSI) vertical.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 15 2017. 18:22 IST
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