Wealth First to acquire 100% of Wealth First Advisors in two phases

Wealth First Portfolio Managers Ltd announced its Board of Directors has approved the 100% acquisition of Wealth First Advisors Private Limited, a wealth management and distribution enterprise. The acquisition will occur in two phases: 51% by December 31, 2026, and the remaining 49% by March 31, 2030. This move aligns with the company's strategy for inorganic growth to expand assets, distribution footprint, and market position. The Target Entity reported a turnover of ₹17,91,08,000 and PAT of ₹6,03,78,000 as of March 31, 2026. The acquisition is considered a related party transaction as the Promoter and Managing Director has a 10.62% interest in the target entity, but it will be conducted on an arm's length basis.