Ashika Global Securities' Finance Committee has approved acquiring a 26% equity stake in Resurgent India Rating Private Limited (RIRPL), a newly established Credit Rating Agency.

The company will invest up to ₹26,000 in cash for this acquisition.

RIRPL, incorporated in February 2026, has a paid-up share capital of ₹1,00,000 and no turnover.

This strategic move aims to expand Ashika's presence across the financial services sector, aligning with its growth strategy.

The acquisition is expected to be completed by December 31, 2026.