The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashika Global Securities Pvt Ltd & Others
ASHIKA · price
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Ashika Global Securities Pvt Ltd, along with other promoter group entities, disclosed under SEBI Takeover Regulation 29(2) that they have converted 32,27,700 convertible warrants into an equal number of equity shares of Ashika Credit Capital Ltd. This conversion was approved at the Fund Raising Committee meeting held on 10 January 2025 and was effected on 10 April 2025. As a result, the combined Promoter and Promoter Group shareholding in the company rose by 5.22%. The post-conversion equity share capital stands at Rs. 16,33,55,000 across 1,63,35,500 equity shares (Rs. 10 each), while total diluted share capital is around Rs. 40,03,80,000 across 4,00,38,000 shares.
This is a positive signal for retail investors as it reflects promoter conviction — they are putting in more equity rather than selling or reducing exposure. Since the increase comes from warrant conversion (not a fresh market purchase), there is no immediate cash demand on the stock, but it strengthens the promoter's skin in the game.