Ashika Global Securities Merger & Restructuring Worth ₹60 Cr
AGSL acquires 100% of newly formed Ashika Global Asset Management Pvt Ltd for ₹60 Crore. The entity will operate as an AMC for its mutual fund business.
- Value
- ₹60.00 Cr
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AGSL acquires 100% of newly formed Ashika Global Asset Management Pvt Ltd for ₹60 Crore. The entity will operate as an AMC for its mutual fund business.
Ashika Global Securities discloses incorporation of two WOS—AGAMPL (AMC) and AGTCPL (Trustee)—for mutual fund operations. Both are 100% owned and await SEBI approvals to commence business.
Ashika Global Securities will incorporate two wholly-owned subsidiaries, an Asset Management Company and a Trustee Company, to launch its proposed Mutual Fund business.
Ashika Global Securities approved acquiring 26% in Resurgent India Rating for ₹26,000. The deal, to be completed by Dec 2026, expands its financial services footprint.
Ashika Global Securities completed the acquisition of remaining shares in Ashika Capital Limited. The total purchase consideration paid was ₹39.32 Crore.
Ashika Credit Capital completed its strategic merger, reaching a ₹3,000 Crore valuation. The consolidated entity reports ₹92.07 Crore PBT, strengthening its position as a diversified financial services platform.