Investment27 March 2026 at 12:21 pm
AK Capital Services Ltd Approves INR 25 Crore Investment in Subsidiary A. K. Capital Finance Limited
AI Summary
AK Capital Services Ltd has approved an investment in its subsidiary, A. K. Capital Finance Limited (AKCFL), amounting to INR 25 crores by way of subscription of Non-Cumulative Compulsorily Convertible Preference Shares (CCPS). The decision was made at a meeting of the Banking and Investment Committee of the Board of Directors on March 27, 2026. AKCFL is a Systemically Important Non Deposit Accepting Middle Layer Non-Banking Financial Company and categorised as Investment and Credit Company. The investment will strengthen AKCFL's liquidity position and facilitate expansion of its business operations and activities.
Key Highlights
- AK Capital Services Ltd approves INR 25 crore investment in subsidiary A. K. Capital Finance Limited
- Investment to be made by way of subscription of Non-Cumulative Compulsorily Convertible Preference Shares (CCPS)
- Investment will strengthen AKCFL's liquidity position and facilitate expansion of its business operations and activities
- AKCFL is a Systemically Important Non Deposit Accepting Middle Layer Non-Banking Financial Company and categorised as Investment and Credit Company
- Investment is based on an independent valuation report issued by a registered valuer