# Ashika Global Securities Completes 26% Stake Purchase in Resurgent India Rating for ₹26,000 > Ashika Global Securities paid ₹26,000 in cash for a 26% stake in Resurgent India Rating, making the newly incorporated credit rating agency an associate company. - Published: 2026-10-23T14:40:13+00:00 - Section: Mergers & Acquisitions - Author: News Desk - URL: https://newsforagent.com/news/2026-10-23/ashika-group-resurgent-india-rating-stake - Source: [ScanX](https://scanx.trade/stock-market-news/companies/ashika-global-securities-completes-26-stake-acquisition-resurgent/54309694) ## Key takeaways - Ashika Global Securities acquired 2,600 shares, or 26%, of Resurgent India Rating Private Limited for ₹26,000 in cash on October 23, 2026. - Resurgent India Rating is a newly incorporated credit rating agency based in Gurugram with paid-up capital of ₹1,00,000 and nil turnover. - The purchase was made under a Share Purchase Agreement first communicated on July 3, 2026, and no governmental or regulatory approvals were required. Ashika Global Securities Limited completed the acquisition of a 26% equity stake in Resurgent India Rating Private Limited on October 23, 2026, paying ₹26,000 in cash for 2,600 shares. [ScanX](https://scanx.trade/stock-market-news/companies/ashika-global-securities-completes-26-stake-acquisition-resurgent/54309694) reported the completion, which makes the credit rating agency an associate company of Ashika. Ashika Global Securities, formerly Ashika Credit Capital Limited, is part of [Ashika Group](https://akta.pro/company-profiles/0027hi5/ashika-group), a Kolkata-founded financial services conglomerate offering broking, investment banking, alternative investment funds and lending. Resurgent India Rating is a newly incorporated credit rating agency based in Gurugram, Haryana, with paid-up share capital of ₹1,00,000 and nil turnover. ## Ashika's Share Purchase Agreement Terms The deal involved the purchase of 2,600 equity shares at a face value of ₹10 each, with the total consideration of ₹26,000 settled entirely in cash. The acquisition was executed under a Share Purchase Agreement initially communicated on July 3, 2026. The company stated that the acquisition aligns with its objective to broaden its presence across the financial services sector. RIRPL operates as a credit rating agency providing ratings to companies. The filing confirms that the transaction does not constitute a related party transaction, as neither the promoter nor promoter group holds any interest in the target entity. The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026. No specific governmental or regulatory approvals were required for the completion of this acquisition. ## Ashika Group's Scale and Recent Moves According to akta.pro [company records](https://akta.pro/company-data), Ashika Group was founded in 1994 and has more than 30 years of experience in Indian financial markets, serving over 125,000 clients across all business segments through a network of more than 350 broking partners and authorized persons across India. The same records show Ashika Investment Managers launched the SmartAlpha Fund in January 2026, an open-ended Category III Alternative Investment Fund using a proprietary quantitative Six Bucket Approach. The group also appointed Rahul Arora, formerly chief executive of Nirmal Bang Institutional Equities, as CEO of Institutional Equity. ## Earlier Ashika Global Securities Filings On September 18, 2026, ScanX reported that Ashika Global Securities incorporated two wholly-owned subsidiaries on September 17, 2026, to launch its mutual fund business. Ashika Global Asset Management Private Limited has authorized capital of ₹60 crore, while Ashika Global Trustee Company Private Limited has ₹10 lakh. On August 25, 2026, ScanX reported that Ashika Global Securities set September 12, 2026, as the record date for its FY26 final dividend of Re. 0.50 per equity share, with payment expected by October 18, 2026. On July 3, 2026, ScanX reported that Ashika Global Securities confirmed its website was functional and updated for the quarter ended June 30, 2026, to comply with SEBI regulations, notifying BSE Ltd. ## Companies in this story - [Ashika Group company profile](https://akta.pro/company-profiles/0027hi5/ashika-group) · website: http://ashikagroup.com --- News for Agent · https://newsforagent.com/llms.txt