ASHIKAGAshika Global Securities Ltd.
Ashika Global Securities completes 26% stake purchase in Resurgent India Rating
- Mergers & acquisitions
- Financial services
Ashika Global Securities (NSE: ASHIKAG) has completed the acquisition of 26% of Resurgent India Rating Private Limited, which is now its associate company, it said in a filing on 23 Oct 2026. The company says the deal is part of its strategy to expand across financial services.
The acquisition and the target
Ashika Global Securities acquired 2,600 equity shares of face value ₹10 each, equal to 26% of Resurgent India Rating Private Limited, for ₹26,000 in cash. The filing says the acquisition was completed on 23 Oct 2026 under the Share Purchase Agreement, which the company first reported on 3 Jul 2026.
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