AK Capital Services Ltd Approves INR 75 Crores Investment in Subsidiary A. K. Capital Finance Limited

AK Capital Services Ltd has approved an investment in its subsidiary, A. K. Capital Finance Limited (AKCFL), amounting to INR 75 crores by way of subscription of Non-Cumulative Compulsorily Convertible Preference Shares (CCPS). The investment is aimed at supporting the expansion of AKCFL's business operations and meeting its general business requirements. The CCPS, having a face value of INR 100 each, will be issued and allotted to the Company based on an independent valuation report. The Company holds 95.12% of the total paid-up equity share capital and 75% of the paid-up preference share capital of AKCFL. Upon conversion of the aforesaid CCPS into equity shares, the total holding of the Company will be 93.38% of the paid-up equity share capital of AKCFL.