Ashika Credit Capital to acquire 26% stake in Resurgent India Rating

Ashika Global Securities Limited (formerly Ashika Credit Capital Ltd) announced its Finance Committee has approved the infusion of up to ₹26,000 to acquire a 26% equity stake in Resurgent India Rating Private Limited (RIRPL). RIRPL is a newly incorporated company intended to operate as a Credit Rating Agency (CRA). The acquisition is a strategic move to expand the company's presence in the financial services sector. The transaction is expected to be completed by December 31, 2026, with cash consideration of ₹26,000 for 2,600 equity shares at a face value of ₹10 each.