Ashika Global Securities Completes Acquisition of Ashika Capital

Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) has announced the completion of its acquisition of the remaining 10,50,000 Equity Shares of Ashika Capital Limited (ACL). This acquisition represents 80.1527% of ACL's equity share capital, making ACL a wholly-owned subsidiary of Ashika Global Securities. The total purchase consideration for these shares was ₹39.32 Cr. Ashika Capital Limited is a SEBI-registered Category I Merchant Banker with a turnover of ₹21.86 Crores as of March 31, 2026. The acquisition falls under related party transactions as ACL is part of the promoter group, and directors of ACL are also promoters/directors of the acquiring company. The transaction is being conducted on an arm's length basis and is in the ordinary course of business for Ashika Global Securities, an RBI-registered NBFC.