Wealth First Portfolio Managers To Acquire 51% Stake For Rs 52 Crore

Board approved SPA to acquire 51% (2,09,304 shares) of Wealth First Advisors for about Rs 52.10 Cr via cash plus share swap, and preferential issue of 1,36,575 shares at Rs 885.89. Resolves pending Mumbai wealth acquisition, advancing stated AUA scale leg. Promoter-group related-party deal at arm's length on independent valuation with prior shareholder nod. Gains control of target; part consideration via equity dilution, balance cash. Closure subject to EGM on 21 Nov, exchange and statutory approvals; cash split and timeline not detailed.