Ashika Credit Capital Ltd. Acquires Preference Shares in Subsidiary
Ashika Credit Capital Limited announced today, March 24, 2026, that it has acquired 20,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) of Rs. 10 each in Ashika Private Equity Advisors Private Limited, a subsidiary of the company. The total consideration for the acquisition was Rs. 2,00,00,000.Ashika Private Equity Advisors Private Limited (APEAPL), incorporated on April 7, 2017, operates in the finance industry as an Alternative Investment Fund (AIF). It is registered with the Securities and Exchange Board of India (SEBI) as a Category II AIF with registration number IN/AIF2/25-26/1927. APEAPL's turnover for the financial years 2022-23, 2023-24, and 2024-25 was NIL.
The investment by Ashika Credit Capital Limited is intended to meet the business requirements of APEAPL. The transaction, which was completed at an arm’s length basis, falls under related party transaction rules. ACCL currently holds 51% of the equity share capital of APEAPL. The acquisition of the OCRPS, representing 100% of the outstanding OCRPS, will increase the company's ownership to 83.67% on a fully diluted basis upon conversion of the OCRPS into equity shares.
The acquisition did not require any governmental or regulatory approvals.
| Particulars | Details |
|---|---|
| Name of Target Entity | Ashika Private Equity Advisors Private Limited ('APEAPL') |
| Industry | Finance Industry (AIF Business) |
| Consideration | Cash |
| Cost of Acquisition | Rs. 2,00,00,000 |
| Shareholding Acquired | Represents 100% of OCRPS |
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