Wealth First to Acquire 51% of Wealth First Advisors for ₹52.1 Cr

Wealth First Portfolio Managers Ltd announced a significant acquisition and preferential issue. The company's Board of Directors has approved the execution of a Share Purchase Agreement to acquire up to 2,09,304 equity shares, representing 51.00% of Wealth First Advisors Private Limited, for a total consideration of approximately ₹52.10 Cr. This acquisition will be partly settled in cash and partly through a share swap. Concurrently, the Board approved a preferential issue of up to 1,36,575 equity shares at ₹885.89 per share, aggregating up to ₹12.10 Crores, to the selling shareholders of the target company as part of the consideration. This preferential allotment is subject to shareholder approval at an upcoming EGM scheduled for November 21, 2026. A valuation report has been obtained, and the relevant date for the issue has been fixed.