Crisil reports lower net profit

ACQUISITION: Crisil has acquired Information Products and Research Services India Pvt Ltd IPRS for a consideration of Rs 7 crore.

Crisil has in the process acquired a leading brand Infac8217;, which consolidates the position of its research and information division.

According to a company statement here today, INFAC8217;s canvas of research covers more than 30 industries and IT has a wide client base, which includes domestic and foreign banks, corporates, FIIs and consulting firms.

It said that the acquisition would create a much larger resource base for undertaking industry research as a joint effort, there by significantly reducing costs for both operations.

R Ravimohan, managing director said the combined strength of Crisil and IPRS would make them the most resouceful research base for providing analytical support to decision makers.