Ashika Global Securities completes acquisition of 26% stake in Resurgent India Rating

Ashika Global Securities has successfully completed the acquisition of 26% equity shareholding in Resurgent India Rating (RIRPL). Consequent to this acquisition, RIRPL has become an Associate Company of Ashika Global Securities. The acquisition is a part of the company's strategic objective to expand its presence across the financial services sector.

Ashika Global Securities (formerly, Ashika Credit Capital Limited) 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.