Crisil Announces Amalgamation to Form PayMetrix, Pending Approvals
Crisil Limited approved the amalgamation of its wholly-owned subsidiaries Crisil Canada Inc. and Crisil PriceMetrix Inc. to form Crisil PriceMetrix Inc. in Canada, subject to regulatory approvals, with no change in shareholding or cash consideration and the Crisil Canada share capital to be issued back to Crisil Limited. The Toronto-based Crisil PriceMetrix Inc. provides SaaS and data analytics for wealth management, and reported USD 1,431,352 income for the period after its acquisition, while Crisil Canada had USD 51,215 income in 2025. In its financial results, Crisil posted a Q2 FY2026 rise in consolidated income from operations by 27.6% to Rs 1,075.4 crore and a 24.4% increase in PBT to Rs 279.8 crore, with Q2 PAT at Rs 216.5 crore and H1 PAT at Rs 449.7 crore. The board also approved an interim dividend of Rs 10 per share for FY26 and saw governance changes, with Saugata Saha resigning as an non-executive director and Abhishek Tomar appointed as an additional non-executive director. Crisil highlighted a positive though cautious outlook amid macro headwinds, noting India’s projected GDP growth around 6.6% for the current fiscal and global growth near 3.1%, underscoring the ongoing value of its ratings, research and analytics offerings. The company also updated investors with Q2-2026 results through presentations and communications to regulators and markets.
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