Wealth First to Acquire 100% of Wealth First Advisors in Two Phases

Wealth First Portfolio Managers Ltd. announced the board's approval for the 100% acquisition of Wealth First Advisors Private Limited, a wealth management and distribution business. This strategic move aims to expand the company's assets, distribution footprint, and market position through inorganic growth. The acquisition will be completed in two phases: 51% by December 31, 2026, making it a subsidiary, and the remaining 49% by March 31, 2030, making it a wholly-owned subsidiary. As of March 31, 2026, the target entity reported a turnover of ₹17.91 crore, a PAT of ₹6.03 crore, and a net worth of ₹22.01 crore. The transaction is a related party transaction due to the Promoter and MD's interest but is being conducted at arm's length.