Ashika Global Sec.
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Ashika Global Securities' board approved a proposal to raise up to ₹1,000 crore by issuing equity or convertible securities through a qualified institutions placement, FPO, rights issue or preferential allotment, subject to shareholder and regulatory approvals. The board also adopted its unaudited results for the June quarter, which showed a consolidated net profit of ₹100.97 crore and a standalone net profit of ₹90.72 crore, and appointed Meenaa Sharma as chief human resource officer. The fund-raise proposal comes after the company completed full acquisition of Ashika Capital Ltd in June and sanctioned amalgamation schemes earlier in the year. Paid-up capital rose to ₹73.93 crore after 200,000 warrants were converted during the quarter, while 1.6 million unexercised warrants were forfeited.
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Ashika Global Securities' board approved a proposal to raise up to ₹1,000 crore by issuing equity or convertible securities through a qualified institutions placement, FPO, rights issue or preferential allotment, subject to shareholder and regulatory approvals. The board also adopted its unaudited results for the June quarter, which showed a consolidated net profit of ₹100.97 crore and a standalone net profit of ₹90.72 crore, and appointed Meenaa Sharma as chief human resource officer. The fund-raise proposal comes after the company completed full acquisition of Ashika Capital Ltd in June and sanctioned amalgamation schemes earlier in the year. Paid-up capital rose to ₹73.93 crore after 200,000 warrants were converted during the quarter, while 1.6 million unexercised warrants were forfeited.
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Ashika Global Securities said on 24 July that its board will meet on 31 July to consider raising funds through a qualified institutional placement, further public offering, rights issue, preferential allotment, or a combination of these routes. The board will also approve the standalone and consolidated unaudited financial results for the quarter ended 30 June 2026. The trading window for dealing in the company's securities is already closed and will remain shut until 48 hours after the board's decision is made public.
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Ashika Global Securities said on 24 July that its board will meet on 31 July to consider raising funds through a qualified institutional placement, further public offering, rights issue, preferential allotment, or a combination of these routes. The board will also approve the standalone and consolidated unaudited financial results for the quarter ended 30 June 2026. The trading window for dealing in the company's securities is already closed and will remain shut until 48 hours after the board's decision is made public.
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Dec 30 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
ASHIKA CREDIT CAPITAL LTD - RECEIVES SEBI APPROVAL TO SPONSOR MUTUAL FUND
ASHIKA CREDIT CAPITAL LTD - TO SET UP ASSET MANAGEMENT AND TRUSTEE COMPANY
Source text: ID:nBSE6Cyld8
Further company coverage: AHIK.BO
(([email protected];))
Dec 30 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
ASHIKA CREDIT CAPITAL LTD - RECEIVES SEBI APPROVAL TO SPONSOR MUTUAL FUND
ASHIKA CREDIT CAPITAL LTD - TO SET UP ASSET MANAGEMENT AND TRUSTEE COMPANY
Source text: ID:nBSE6Cyld8
Further company coverage: AHIK.BO
(([email protected];))
Jan 7 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
ASHIKA CREDIT CAPITAL - RBI ACCORDS NO OBJECTION TO AMALGAMATION OF YADUKA FINANCIAL SERVICES, CO
Source text: ID:nBSE4MG6xF
Further company coverage: AHIK.BO
(([email protected];))
Jan 7 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
ASHIKA CREDIT CAPITAL - RBI ACCORDS NO OBJECTION TO AMALGAMATION OF YADUKA FINANCIAL SERVICES, CO
Source text: ID:nBSE4MG6xF
Further company coverage: AHIK.BO
(([email protected];))
Nov 6 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
TO EVALUATE FUND RAISING VIA QIP OR OTHER MODES
Source text: ID:nBSEbV6Rl8
Further company coverage: AHIK.BO
(([email protected];;))
Nov 6 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
TO EVALUATE FUND RAISING VIA QIP OR OTHER MODES
Source text: ID:nBSEbV6Rl8
Further company coverage: AHIK.BO
(([email protected];;))
Sept 12 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
TO CONSIDER FUND RAISING
Source text for Eikon: ID:nBSE4rsqY6
Further company coverage: AHIK.BO
(([email protected];;))
Sept 12 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
TO CONSIDER FUND RAISING
Source text for Eikon: ID:nBSE4rsqY6
Further company coverage: AHIK.BO
(([email protected];;))
July 15 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
TO CONSIDER FUND RAISING
Source text for Eikon: ID:nBSE8Xcqkd
Further company coverage: AHIK.BO
(([email protected];))
July 15 (Reuters) - Ashika Credit Capital Ltd AHIK.BO:
TO CONSIDER FUND RAISING
Source text for Eikon: ID:nBSE8Xcqkd
Further company coverage: AHIK.BO
(([email protected];))
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What does Ashika Global Sec. do?
Ashika Global Securities Ltd is a diversified financial services company offering retail and institutional broking, investment banking, NBFC lending, wealth management, alternative investment funds, research and treasury operations across India.
Who are the competitors of Ashika Global Sec.?
Ashika Global Sec. major competitors are Lords Mark Inds., Sindhu Trade Links, Indostar Capital Fin, AYE Finance, SG Finserve, Northern ARC Capital, OnEMI Technology. Market Cap of Ashika Global Sec. is ₹3,702 Crs. While the median market cap of its peers are ₹4,236 Crs.
Is Ashika Global Sec. financially stable compared to its competitors?
Ashika Global Sec. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Ashika Global Sec. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Ashika Global Sec. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is Ashika Global Sec. balance sheet?
The companies balance sheet of Ashika Global Sec. is weak, but was strong historically.
Is the profitablity of Ashika Global Sec. improving?
The profit is oscillating. The profit of Ashika Global Sec. is ₹76.14 Crs for TTM, -₹51.45 Crs for Mar 2025 and ₹10.7 Crs for Mar 2024.
Is Ashika Global Sec. stock expensive?
Ashika Global Sec. is expensive when considering the PE ratio, however latest Price to Book is < 3 yr avg Price to Book. Latest PE of Ashika Global Sec. is 47.92 while 3 year average PE is 18.79. Also latest Price to Book of Ashika Global Sec. is 3.17 while 3yr average is 3.66.
Has the share price of Ashika Global Sec. grown faster than its competition?
Ashika Global Sec. has given lower returns compared to its competitors. Ashika Global Sec. has grown at ~15.55% over the last 1yrs while peers have grown at a median rate of 22.26%
Is the promoter bullish about Ashika Global Sec.?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 74.31% and last quarter promoter holding is 57.99%.
Are mutual funds buying/selling Ashika Global Sec.?
There is Insufficient data to gauge this.