WEALTH : ACQUIRES 51% STAKE IN WEALTH FIRST ADVISORS FOR RS 52.10 CR

• Company to acquire up to 2,09,304 equity shares, or 51.00% of Wealth First Advisors, for about ₹52.10 Cr • Consideration payable partly in cash and partly through share swap; sale shares priced at ₹2,489.11 each • Target is a promoter group company and the transaction is a related party transaction • Board approved preferential issue of up to 1,36,575 equity shares at ₹885.89/share, aggregating up to ₹12.10 Cr, to selling shareholders • Preferential shares are consideration for acquisition of up to 48,603 shares, or 11.84%, of the target held by selling shareholders • Promoter Ashish Shah's post-issue stake rises to 32.74% from 32.16%

Wealth First Portfolio Managers Limited

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