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Wealth First Portfolio Managers Ltd. ( (IN:WEALTH) ) just unveiled an update.
Wealth First Portfolio Managers Limited, a company involved in portfolio management, has announced the acquisition of additional shares in its subsidiary, Lakshya Asset Management Private Limited. This acquisition, made through a preferential issue, involves 66,66,666 equity shares at a total consideration of Rs. 39.99 crore. As a result, Lakshya Asset Management has transitioned from a wholly-owned subsidiary to a subsidiary with 69.70% equity share capital and voting power held by Wealth First. This strategic move may impact the company’s operational control and influence within the subsidiary, potentially affecting its market positioning and stakeholder interests.
More about Wealth First Portfolio Managers Ltd.
Average Trading Volume: 4,481
Technical Sentiment Signal: Buy
Current Market Cap: 12.58B INR
Find detailed analytics on WEALTH stock on TipRanks’ Stock Analysis page.