Pawan Jain & Others Acquire 4.03 Cr Shares in Ashika Credit Capital
The promoter and promoter group of Ashika Credit Capital Ltd (ACCL), including Daulat Jain, acquired 4,03,52,580 equity shares of ACCL on May 28, 2026. This acquisition is a result of a Composite Scheme of Amalgamation, sanctioned by the Hon'ble NCLT, Kolkata Bench, involving Ashika Commodities & Derivatives Private Limited and Ashika Global Securities Private Limited merging into ACCL. Concurrently, 1,13,51,990 existing ACCL shares held by Ashika Global Securities Pvt Ltd and Ashika Commodities & Derivatives Pvt Ltd (both promoter group entities) were cancelled. Post-transaction, the promoter and promoter group's total holding in ACCL increased from 57.99% to 74.52%. The total equity capital of ACCL increased from ₹44.72 crore to ₹73.72 crore.
Key Highlights
- Promoter group acquired 4.03 crore equity shares of Ashika Credit Capital.
- Acquisition is due to a NCLT-approved Composite Scheme of Amalgamation.
- 1.13 crore existing promoter-held shares in ACCL were cancelled.
- Promoter/PAC holding increased from 57.99% to 74.52% post-transaction.
- Ashika Credit Capital's equity capital increased from ₹44.72 Cr to ₹73.72 Cr.
Price Impact
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