Ashika Global Securities Incorporates Two Wholly-Owned Subsidiaries
Ashika Global Securities Limited has announced the incorporation of two wholly-owned subsidiaries: Ashika Global Asset Management Private Limited (AGAMPL) and Ashika Global Trustee Company Private Limited (AGTCPL). AGAMPL, with an authorized capital of ₹60 crore, will function as an Asset Management Company for the mutual fund business. AGTCPL, with an authorized capital of ₹10 lakh, will act as the Trustee for mutual funds and other investment vehicles. Both entities are related parties, being wholly-owned subsidiaries. Their establishment is subject to further regulatory approvals from SEBI, although initial approval for incorporation has been received. The company previously intimated about this development on September 2, 2026.
Key Highlights
- Two wholly-owned subsidiaries incorporated: AGAMPL and AGTCPL.
- AGAMPL to manage mutual funds; AGTCPL to act as Trustee.
- Both entities are related parties to the parent company.
- Further SEBI approvals are required for business commencement.
- Incorporation aims to expand into mutual fund and trustee services.
Price Impact
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