Corporate News
Emkay Global Financial Services Limited is restructuring its business operations through several transactions, including the sale of its Wealth Management division to its subsidiary, Emkay Wealth Advisory Limited (EWAL), for a cash consideration. The company is also selling shares in Emkay Capital Private Limited (ECPL), a wholly-owned subsidiary, and making a further investment of up to Rs 30 Crores in ECPL via a rights issue to facilitate investments in shares, securities, and other interests. As of March 31, 2026, the Company’s Wealth Management division had a turnover of Rs 396.29 Crores and a net worth of Rs 380.67 Crores, while EWAL’s turnover was Rs 0.24 Crores and its net worth was Rs 1.21 Crores. The transactions, considered related party transactions conducted at arm’s length, are part of a broader restructuring plan and are expected to be completed within 90 days, subject to necessary approvals.