Wealth First to Acquire 51% Stake in Wealth First Advisors for ₹52.1 Cr

Wealth First Portfolio Managers Ltd announced a significant acquisition following its board meeting on October 26, 2026. The company will 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 Crore. The payment will be a mix of cash and share swap. Additionally, the board approved the issuance of up to 1,36,575 equity shares at ₹885.89 per share, aggregating up to ₹12.10 Crores, as part of the consideration for the acquisition. This preferential issue will be to promoters and non-promoters. The company also announced the convening of its 1st Extra-Ordinary General Meeting for FY 2026-27 on November 21, 2026, to seek shareholder approval for these transactions.