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.