Wealth First Portfolio Managers Limited — JV/Acquisition, 20-06-2025: Acquisition

Wealth First Portfolio Managers has incorporated a wholly owned subsidiary, Lakshya Trustee Private Limited, with a paid-up capital of Rs. 10 lakh. Lakshya Trustee will operate as a trustee/nominee entity for various asset management funds, enabling Wealth First to strengthen its fund management ecosystem and gain better control over fund administration. The subsidiary is yet to start operations, so no immediate financial impact is expected, but this move positions the company for enhanced operational integration and potential margin improvement in its asset management business.