Investment24 Mar 2026, 05:01 pm
Ashika Credit Capital Acquires 100% OCRPS of Ashika Private Equity Advisors for Rs. 2,00,00,000
AI Summary
Ashika Credit Capital Ltd (ACCL) has acquired 20,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) of Rs. 10 each of Ashika Private Equity Advisors Private Limited (APEAPL), a subsidiary of the company. The total cost of acquisition is Rs. 2,00,00,000. This acquisition does not provide any control or voting rights in the ordinary course but will change the voting rights of ACCL from 51% to 83.67% on a fully diluted basis upon conversion of OCRPS into equity shares.
Key Highlights
- ACCL has acquired 100% OCRPS of APEAPL for Rs. 2,00,00,000.
- APEAPL is a subsidiary of ACCL and a related party under the SEBI regulations.
- The transaction is done at an arm’s length basis.
- The acquisition is made to meet business requirements of APEAPL.
- No governmental or regulatory approvals are required for the acquisition.