01-Jul-2026 07:02:42
WEALTHAcquisition and merger
WEALTH FIRST PORTFOLIO MANAGERS LIMITED ACQUIRES 51% STAKE IN WFAPL WORTH RS 102 CR
• Wealth First Portfolio Managers Limited to acquire a 51% stake in Wealth First Advisors Pvt. Ltd. (WFAPL) • Acquisition is at an equity valuation of ₹102.15 crore • The acquisition aims to strengthen the firm's presence in the wealth management market and expand its national footprint • Wealth First plans to acquire the remaining 49% at a future date • The combined business is expected to manage nearly ₹9,000 crore in assets under management
Wealth First Portfolio Managers Limited
Open attachment