Wealth First Portfolio Managers Limited — JV/Acquisition, 30-06-2026: Acquisition

Wealth First Portfolio Managers (WFPM) is acquiring 100% of Wealth First Advisors Private Limited, a wealth management and financial product distribution firm. The deal is phased: WFPM will first acquire 51% for Rs. 52.10 Cr (Rs. 40 Cr cash, Rs. 12.10 Cr via share swap). The remaining 49% will be acquired by March 2030, with future consideration. Strategic move: expand WFPM's distribution & market in Mumbai. The target entity posted FY26 turnover of Rs. 17.91 Cr and PAT of Rs. 6.04 Cr. Notably, WFPM's MD holds a 10.62% stake in the target, but the transaction was independently valued and deemed arm's length.