Ashika Global Securities Completes 26% Stake Acquisition in RIRPL

Ashika Global Securities Limited has successfully completed the acquisition of a 26% equity stake in Resurgent India Rating Private Limited (RIRPL). This acquisition, executed via a Share Purchase Agreement, was completed on October 23, 2026. The consideration for the acquisition was cash, with 2,600 equity shares acquired at face value of ₹10 each, totaling ₹26,000. RIRPL, incorporated on February 3, 2026, is in the business of a Credit Rating Agency and is ancillary to the financial services sector. Consequent to this acquisition, RIRPL has become an Associate Company of Ashika Global Securities Limited. The acquisition aligns with the company's strategic objective to expand its presence in the financial services sector.