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Wealth First to Buy Wealth First Advisors for ₹52.1 Cr in Two Phases

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AuthorAnanya Iyer|Published at:
Wealth First to Buy Wealth First Advisors for ₹52.1 Cr in Two Phases

Wealth First Portfolio Managers will acquire a 51% stake in Wealth First Advisors for ₹52.1 crore. The deal involves cash and share swap, with a second phase planned for FY30. This move aims to expand the company's scale and reach.

Wealth First Acquires Majority Stake in Wealth First Advisors

Wealth First Portfolio Managers to acquire 51% stake in Wealth First Advisors for ₹52.1 Cr.

Reader Takeaway: Inorganic growth accelerates AUM and client base; integration and synergy realization key.

What just happened

Wealth First Portfolio Managers Limited has agreed to acquire a 51% controlling stake in Wealth First Advisors Private Limited (WFA) for ₹52.1 crore. The payment will be a mix of ₹40 crore in cash and ₹12.1 crore through a share swap. The company plans to acquire the remaining 49% stake in FY30.

Why this matters

This acquisition is a significant step towards inorganic growth for Wealth First Portfolio Managers. It aims to scale up operations, expand its distribution network, particularly in Mumbai and Maharashtra, and enhance its product offerings. The consolidated entity is projected to manage ₹8,419 crore in Assets Under Advisory (AUA) and serve over 26,000 clients.

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