Emkay Global Financial Services Ltd approves internal transfers of two subsidiaries and its wealth business for ₹26.175 crore
- 100% stakes in Emkay Investment Managers Ltd and Emkay Wealth Advisory Ltd to transfer to wholly owned Emkay Capital Pvt Ltd for ₹21.375 crore and ₹2.05 crore, respectively.
- Wealth Management Business to transfer to Emkay Wealth Advisory Ltd via slump sale for ₹2.75 crore.
- Board approved up to ₹30 crore investment in Emkay Capital via rights issue; transfers expected within 90 days, subject to approvals and compliance.