Transaction Details
Ashika Global Securities Limited has successfully completed the acquisition of 26% equity shareholding in Resurgent India Rating Private Limited (RIRPL) in accordance with the terms of the Share Purchase Agreement executed earlier. The transaction was completed on 23rd October 2026.
Target Company Details
- Name: Resurgent India Rating Private Limited (RIRPL)
- Business: Credit Rating Agency (CRA), ancillary to financial services
- Incorporation Date: 3rd February 2026
- Location: Gurgaon, Haryana, India
- Paid-Up Share Capital: ₹1,00,000
- Turnover: NIL (newly incorporated company)
- Historical Turnover: Not applicable for past 3 financial years
Acquisition Terms
- Percentage Acquired: 26% equity stake
- Shares Acquired: 2,600 equity shares
- Consideration Type: Cash consideration
- Acquisition Cost: ₹26,000 (at face value of ₹10 per share)
Strategic Rationale
The acquisition supports the company's strategic objective to expand its presence across the financial services sector.
Regulatory and Compliance Aspects
- Related Party Transaction: No, does not fall under related party transaction
- Promoter/Promoter Group Interest: None
- Governmental/Regulatory Approvals: Not applicable
- SEBI Reference: Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
Corporate Impact
Consequent to this acquisition, RIRPL has become an Associate Company of Ashika Global Securities Limited.
Financial Impact
The transaction involves a cash outflow of ₹26,000 for acquisition of 2,600 shares at face value. The target company has no turnover history being newly incorporated.
Documentation
The disclosure includes Annexure-A providing detailed particulars as required under SEBI LODR regulations.