ICRA Share price

Our Company was incorporated on January 16 1991 under the Companies Act as ?Investment Information and Credit Rating Agency of India Limited? and obtained its certificate of commencement of business on March 15 1991. The name of our Company was changed to ICRA Limited by a special resolution passed in the AGM held on September 29 1994 and it obtained fresh certificate of incorporation consequent to change of name on February 3 1995. At the time of incorporation our registered office was situated at Scope Complex Core V 7 Lodhi Road 1st Floor New Delhi 110 003. However on February 18 1993 our registered office was shifted to 4th Floor Kailash Building 26 Kasturba Gandhi Marg New Delhi 110 001 and thereafter to our present registered office at 1105 Kailash Building 11th Floor 26 Kasturba Gandhi Marg New Delhi 110 001 on July 18 2006.Scheme of DemergerIn 2005 by a scheme of arrangement between our Company and IMaCS sanctioned by the High Court of Delhi by an order dated March 29 2006 the whole of the advisory service division of our Company was demerged and transferred on a going concern basis to IMaCS and in consideration forthe same IMaCS would issue 5164786 equity shares of Rs. 10 each to our Company.Key events and milestones relating to the CompanyYear Key events milestones and achievements1991 * Incorporation of our Company. * Launched credit rating service on September 1 1991.1996 * Entered into an agreement with Financial Proformas Inc. a Moody?s Group company to provide inter alia credit education risk management software credit research and consulting services to commercia l banks financial and investment institutions financial service companies and mutual funds in India.1999 * Moody?s India an indirect subsidiary of Moody?s Corporation invested in our Company. Moody?s Investors Service a wholly owned subsidiary of Moody?s Corporation entered into the Technical Services Agreement.2001 * Entered into a technical services agreement with Credit Rating & Collection Kuwait.2003 * Acquired minority stakes in and entered into technical services agreement with Online India Capital.Com (subsequently name changed to ICRA Online Limited). * Entered into a technical collaboration agreement with Credit Rating Agency of Bangladesh Limited.2004 Launched Outsourced Services Division.2005 Entered into an MOU with National Small Industries Corporation Limited for launching NSIC-ICRA performance and credit rating scheme for small-scale enterprises in India.2006 * Acquired Computer Exchange Private Limited (subsequently name changed to ICRA Techno Analytics Limited). * Acquired a majority stake in ICRA Online. * Demerged our advisory division and transferred to IMaCS our wholly-owned subsidiary with effect from April 1 2005.