Back
Corporate News
Emkay Global sells Wealth Management business, invests Rs 30 Crores in Emkay Capital
28-Oct-2026, 09:02
Emkay Global Financial Services Limited is undertaking a series of transactions including the sale of its Wealth Management business to its wholly-owned subsidiary, Emkay Wealth Advisory Limited, as part of a broader business reorganization. The company is also selling shares in another subsidiary, Emkay Capital Private Limited, and making an investment of up to Rs 30 Crores in equity shares of ECPL via a rights issue, maintaining a 100% shareholding. Emkay Wealth Advisory Limited, incorporated in fiscal year 2026, reported a turnover of Rs 0.24 Crores and a net worth of Rs 1.21 Crores in fiscal year 2026. All three transactions are classified as related party transactions and are being conducted at arm's length.