The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pawan Jain & Others
ASHIKA · price
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Daulat Jain and other members of the promoter/PAC group acquired 4,03,52,580 equity shares (54.73%) of Ashika Credit Capital Ltd on May 28, 2026. This acquisition was pursuant to a Composite Scheme of Amalgamation approved by NCLT Kolkata on May 8, 2026, involving the merger of Ashika Commodities & Derivatives Pvt Ltd and Ashika Global Securities Pvt Ltd into Ashika Credit Capital Ltd. Under the share entitlement ratio of 6,726:10,000, new shares were allotted to shareholders of the amalgamating companies. The promoter group's total holding increased from 57.99% (before acquisition) to 74.52% after the transaction. Existing promoter shares (11,351,990) held by Ashika Global Securities and Ashika Commodities were cancelled under the scheme. Ashika Global Finance Pvt Ltd continues to hold 61,20,000 shares (8.30%) as part of the PAC.
Promoter holding increased substantially from ~58% to ~75%, strengthening control over Ashika Credit Capital. The amalgamation consolidates the group structure and may be positive for operational efficiency. The stock may see reduced public float going forward.