Ashika Global Securities to Acquire 26% Stake in Resurgent India Rating

Ashika Global Securities Limited (formerly Ashika Credit Capital Ltd) announced that its Finance Committee has approved the infusion of funds not exceeding ¥26,000 to acquire a 26% equity stake in Resurgent India Rating Private Limited (RIRPL). RIRPL is a newly incorporated company focused on the Credit Rating Agency business. The acquisition, valued at ₹26,000 (2600 shares at ₹10 face value), is a cash consideration and is part of Ashika's strategy to expand its financial services presence. The transaction is not a related party transaction and is expected to be completed by December 31, 2026. RIRPL has a paid-up share capital of ¥1,00,000 and a turnover of NIL as it is newly incorporated.