Ashika Global Securities Fund Raise of ₹1,000 Cr
Ashika Global Securities Ltd board approved a fund raise of ₹1,000 Crore via Qualified Institutional Placement (QIP). This strategic move aims to strengthen the company's capital base.
- Value
- ₹1,000 Cr
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Ashika Global Securities Ltd board approved a fund raise of ₹1,000 Crore via Qualified Institutional Placement (QIP). This strategic move aims to strengthen the company's capital base.
Ashika Global Securities raised ₹9.14 Crore by converting 2 lakh equity warrants into shares issued to non‑promoters. The new equity capital stands at ₹739.26 Crore.
Ashika Credit Capital allotted 4.03 Crore shares following its merger with Ashika Global Securities. This restructuring consolidates operations and changes the company's capital structure.
Ashika Credit Capital reported no deviations in fund utilization for the quarter ended March 2026. No warrant subscriptions were received during the period.
Ashika Credit Capital Ltd submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by Acuité Ratings, monitors the utilization of ₹109.62 Crore raised via preferential issue of convertible warrants. No deviations from the stated objects were observed during the period.