Acquisitions14 Apr 2026, 07:11 pm
Ladderup Finance Subsidiary Acquires Jericho Ventures for ₹14 Cr
AI Summary
Ladderup Finance Ltd's subsidiary, Ladderup Asset Managers Private Limited (LAMPL), has entered into a Share Purchase Agreement to acquire 100% of Jericho Ventures Private Limited (JVPL) for a cash consideration of ₹14 crore. Upon completion, JVPL will become a wholly-owned subsidiary of LAMPL and a step-down subsidiary of Ladderup Finance. This acquisition, expected to be completed by October 15, 2027, aligns with the company's strategy to expand its financial services business. JVPL, incorporated in 2016, is a Mumbai-based boutique financial services firm specializing in bespoke solutions for affluent individuals and HNIs, with a turnover of ₹2.33 crore as of March 31, 2025.
Key Highlights
- Ladderup Finance's subsidiary acquires Jericho Ventures.
- 100% equity stake acquired for ₹14 crore cash.
- Acquisition expands financial services for HNIs.
- Jericho Ventures to become a step-down subsidiary.
- Completion expected by October 2027.