The acquisition will enhance CRISIL's positioning in the renewables and new energy sector

MUMBAI, India, Sept. 15, 2023 -- CRISIL, an S&P Global company, has entered into a definitive agreement to acquire Bridge To India Energy Private Limited ('Bridge To India'), a leading renewable energy consulting and knowledge services provider to financial and corporate clients globally.

Bridge To India provides its clients 360-degree insights into the renewable energy market founded on deep domain expertise and a comprehensive set of databases and tools.

Amish Mehta, Managing Director & CEO, CRISIL said, "Sustainability and climate change are drawing sharper attention from clients worldwide. The acquisition of Bridge To India, with its positioning and expertise in the space, will strengthen our bouquet of offerings spanning sustainability services and decarbonisation. The transaction underscores our steadfast commitment to sustainable growth."

Vinay Rustagi, Managing Director, Bridge To India said, "Bridge To India has built its vantage in the renewables sector with more than a decade of consulting experience, strong research coverage and market connect. Being part of CRISIL will further enhance value to clients through adoption of global best practices."

The acquisition is subject to applicable regulatory approvals and other customary conditions, and expected to close in the next three months.

About CRISIL Limited

CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. 

It is India's foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation, and global footprint.

It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong and Singapore.

It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.

For more information, visit www.crisil.com

Connect with us: LinkedIn | Twitter | YouTube | Facebook | Instagram

About BRIDGE TO INDIA

BRIDGE TO INDIA is India's leading clean energy-focused consulting and research services company. Our unique portfolio of businesses gives us a unique 360˚ insight into the market and has enabled us to form a rich network of industry stakeholders across the sector. We combine strong sector knowledge with an interdisciplinary approach by bringing together strategic, financial, regulatory, techno-economic and entrepreneurial aspects of business.

CRISIL PRIVACY NOTICE

CRISIL respects your privacy. We use your contact information, such as your name, address, and email id, to fulfil your request and service your account and to provide you with additional information from CRISIL and other parts of S&P Global Inc. and its subsidiaries (collectively, the Company) you may find of interest. For further information, or to let us know your preferences with respect to receiving marketing materials, please visit www.crisil.com/privacy. You can view the Company's Customer Privacy at https://www.spglobal.com/privacy 

Last updated: May 2018

DISCLAIMER

This Press Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency.  The Press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL.  However, CRISIL alone has the sole right of distribution (whether directly or indirectly) of its Press Releases for consideration or otherwise through any media including websites, portals etc. Certain statements in this communication constitute forward-looking statements. These forward-looking statements are often identified by words such as "anticipate," "believe," "intend," "estimate," "expect," "see," "continue," "could," "can," "may," "will," "likely," "depend," "should," "would," "plan," "predict," "target," and similar expressions, and may include references to assumptions and relate to CRISIL's future prospects, developments and business strategies. Except for the historical information contained herein, the matters discussed in this communication are forward-looking statements that involve risks and uncertainties that may cause CRISIL's actual results to be materially different from such forward-looking statements. CRISIL wishes to caution you that you should not place undue reliance on such forward-looking statements, which speak only as of the date on which they were made. CRISIL does not undertake any obligation to update forward-looking statements, except as required by law.

Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of information on which this Press Release is based and is not responsible for any errors or omissions or for the results obtained from the use of this Press Release. CRISIL, especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this Press Release.

Logo: https://mma.prnewswire.com/media/2211784/CRISIL_logo.jpg

Logo: https://mma.prnewswire.com/media/2211783/BRIDGE_TO_INDIA_logo.jpg

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/crisil-to-acquire-bridge-to-india-energy-pvt-ltd-301928954.html