Ashika Credit Capital has completed acquisition of 5100 Equity shares of Ashika Private Equity Advisors (APEAPL). Post the acquisition of 51% stake in APEAPL, APEAPL has become the subsidiary of the company.
The objective of acquisition is to manage, advise, organize, handle, sponsor, or supervise, as an investment manager, investment advisor to investment holding entities and pooled investment vehicles, and/or sponsor, trustee or beneficiary to investment funds including but not limited to alterative investment funds, venture capital funds, private equity fund, real estate fund, offshore funds, asset management company, body corporate, individuals, association of persons and to promote, establish, manage and carry on various schemes as may be approved by concerned authorities and also act as investment advisors, financial consultants, management consultants etc.
Ashika Credit Capital is engaged in fund-based activities like providing loans and advances, inter-corporate deposits, loans against securities and investments in shares and securities. The Company provides services to individuals, corporate and financial institutions.
