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

Wealth First Portfolio Managers Ltd announced the execution of a Share Purchase Agreement (SPA) to acquire up to 2,09,304 equity shares, representing 51.00% of the total outstanding equity share capital of Wealth First Advisors Private Limited. The total consideration for this acquisition is approximately INR 52.10 Cr, to be paid through a combination of cash and share swap. As part of the consideration, the company also approved the issuance of up to 1,36,575 equity shares at an issue price of ₹885.89 per share, aggregating up to ₹12.10 Crores, via a preferential issue to selling shareholders of the target company. An Extra-Ordinary General Meeting (EGM) is scheduled for November 21, 2026, to seek shareholder approval for the preferential issue.