Ashika Credit Capital completes Ashika Capital acquisition, makes it wholly-owned arm
ASHIKA · price
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Ashika Global Securities (formerly Ashika Credit Capital) has completed the acquisition of 10,50,000 equity shares of Ashika Capital Limited (ACL), representing an 80.1527 percent stake, for Rs. 39.32 Crores paid in cash. Along with its earlier 19.8473 percent holding, ACL is now a wholly-owned subsidiary. ACL is a SEBI-registered Category I Merchant Banker offering investment banking services, with FY26 turnover of Rs. 21.86 Crores. The deal is a related party transaction done at arm's length.
ACL integration adds investment banking revenue to consolidated earnings. The Rs 39.32 Cr cash outflow may pressure near-term liquidity but strengthens long-term business scope.