Ashika Global Securities Limited has completed the acquisition of 10,50,000 equity shares of Ashika Capital Limited (ACL), representing 80.1527% of the equity share capital of ACL. The transaction was completed on 30th June, 2026.

Acquisition Details

  • Number of shares acquired: 10,50,000 equity shares
  • Percentage stake acquired: 80.1527%
  • Total purchase consideration: ₹39.32 crore
  • Payment method: Cash
  • Pre-acquisition holding: 19.8473%
  • Post-acquisition status: ACL has become a wholly-owned subsidiary of Ashika Global Securities Limited

Target Entity Information

  • Name: Ashika Capital Limited (ACL)
  • Paid-up share capital: ₹1,31,00,000 divided into 13,10,000 equity shares of ₹10 each
  • Business: SEBI-registered Category I Merchant Banker (registration number INM000010536)
  • Services: Issue management, equity placement, corporate restructuring, acquisitions and takeovers, advisory services, debt syndication, buyback/delisting of shares, fair valuation of shares, and project appraisal
  • Date of incorporation: 12th April, 2000
  • Country of operation: India

Financial Performance

  • FY2026 turnover: ₹21.86 crores
  • FY2025 turnover: ₹14.97 crores
  • FY2024 turnover: ₹21.41 crores
  • ACL has advised on fundraising mandates exceeding USD 500 million

Transaction Classification

  • Related party transaction: Yes, as ACL falls under Promoter Group
  • Arm's length basis: Yes, confirmed
  • Government/regulatory approvals required: None

Parties Involved

  • Sellers: Existing shareholders of Ashika Capital Limited
  • Key individuals: Mr. Pawan Jain, Mr. Daulat Jain, and Mr. Chirag Jain (Directors of ACL who also serve as promoters/directors of Ashika Global Securities Limited)

Strategic Rationale

  • The acquisition is part of Ashika Global Securities Limited's strategic investment plan
  • Ashika Global Securities Limited is an RBI-registered NBFC, and this acquisition is in the ordinary course of its business

Documentation

  • The company shall execute related documents with ACL and with the existing shareholders of ACL
  • Annexure A provides detailed information as required by SEBI regulations