Wealth First Acquires Controlling Stake in WFAPL for ₹102.15 Cr

Wealth First Portfolio Managers Limited has announced the acquisition of a controlling 51% stake in Mumbai-based wealth management firm Wealth First Advisors Private Limited (WFAPL) for an equity valuation of ₹102.15 crore. This strategic move significantly expands Wealth First's presence in India's largest wealth management market, boosting the combined assets under management (AUM) to nearly ₹9,000 crore. The acquisition marks a key step in Wealth First's evolution into an integrated national financial services institution. The remaining 49% stake in WFAPL will be acquired later, based on a March 31, 2029 valuation, settled through a share swap. This acquisition complements the firm's earlier entry into asset management, strengthening its advisory and distribution capabilities.