Wealth First Portfolio Managers Limited — JV/Acquisition, 29-10-2025: Acquisition

Wealth First Portfolio Managers has invested approximately 40 Cr in its subsidiary, Lakshya Asset Management Private Limited, by subscribing to 66.67 lakh equity shares. Following this investment, Wealth First's ownership in Lakshya Asset Management has become 69.70%, down from 100%. Lakshya Asset Management is an upcoming Asset Management Company (AMC) aiming to operate under SEBI regulations. This move marks Wealth First's strategic entry into the asset management business, enhancing its financial services portfolio. The subsidiary is yet to commence operations.