Corporate News
Emkay Global Financial Services Limited is undertaking a series of related-party transactions involving its subsidiaries, Emkay Wealth Advisory Limited (EWAL) and Emkay Capital Private Limited (ECPL). The company is selling its Wealth Management Business to EWAL and its shares of ECPL, with the stated rationale being to optimize resource deployment and focus strategic efforts. Simultaneously, Emkay Global is making an investment of up to Rs. 30 Crores in ECPL through a further issue of equity shares, intended to fund the purchase of equity in Emkay Investment Managers Limited and EWAL, alongside other business purposes. As of March 31, 2026, Emkay Global Financial Services reported a turnover of Rs. 396.2876 Crores and a net worth of Rs. 380.6713 Crores, while ECPL, incorporated on August 24, 2026, is engaged in investment activities. The transactions are being conducted at arm’s length and are exempt from certain SEBI regulations.