New Launch30 Dec 2025, 01:29 pm
Ashika Credit Capital Ltd Receives In-Principle Approval from SEBI for Mutual Fund Sponsorship
AI Summary
Ashika Credit Capital Ltd has received an In-Principle approval from the Securities and Exchange Board of India (SEBI) to sponsor a Mutual Fund. This approval was granted on 30th December, 2025, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will now proceed to set up an Asset Management Company and a Trustee Company, in accordance with the applicable SEBI regulations and other laws.
Key Highlights
- Ashika Credit Capital Ltd receives In-Principle approval from SEBI for Mutual Fund sponsorship
- The company is set to establish an Asset Management Company and a Trustee Company
- The approval is in line with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The setup will be in accordance with applicable SEBI regulations and other laws
- This move marks a significant milestone in the company's growth and expansion