Emkay Global Financial Services Ltd approves transfer of two wholly owned units to ECPL for ₹23.425 crore and a ₹2.75 crore wealth business slump sale
- Emkay Investment Managers and Emkay Wealth Advisory stakes to be transferred to ECPL for ₹21.375 crore and ₹2.05 crore, respectively.
- Wealth Management Business generated FY26 revenue of ₹24.2366 crore, about 6.12% of consolidated income; agreements are expected by 4 November 2026, with completion proposed within 90 days, subject to approvals.
- Board also approved up to ₹30 crore investment in ECPL via rights issue; transactions are related-party transactions stated to be at arm’s length, with no change in Emkay Global’s shareholding pattern.