Synopsis:
Kirti Doshi is founder of Antique Securities, acquired over 21% stake in Emkay Global Financial Services through a Rs. 227.5 crore investment, joining existing promoters in a strategic move that boosts Emkay’s financial strength and growth prospects.
This capital market services company is now in focus and hit a 20% upper circuit after veteran Kirti Doshi has invested via Antique Securities, acquiring nearly a 21% stake in the company.
With market capitalization of Rs. 947 cr, the shares of Emkay Global Financial Services Ltd are currently trading at Rs. 373 per share, hit an upper circuit of 20% in today’s market session, making a high of Rs. 378.68, from its previous close of Rs. 315.57 per share.
News
Kirti Doshi is a capital market veteran and founder of Antique Securities, has acquired a stake of over 21% in Emkay Global Financial Services through his family-controlled entity, marking a significant strategic investment.
The deal involved subscribing to 75 lakh convertible warrants at Rs. 239.5 each, with the right to convert the warrants into equity shares within 18 months, resulting in a total capital infusion of Rs. 179.6 crore from Doshi and Rs. 227.5 crore overall, along with contributions from existing promoters Krishna Kumar Karwa and Prakash Kacholia. As of June 30, Karwa and Kacholia held 19.32% and 18.64% stakes in the company, respectively.
This move is expected to strengthen Emkay Global’s financial position and support its expansion in institutional equities, investment banking, wealth management, and asset management. Following the announcement, shares of Emkay Global surged sharply on the exchange, reflecting strong market confidence in the firm’s growth trajectory under this new partnership.
About the company
Emkay Global Financial Services Ltd is a prominent Indian financial services firm specializing in equity and commodity broking, investment banking, and wealth management. Known for research-driven insights and client-focused solutions, it caters to both retail and institutional investors.
The company reported a decline in year-on-year performance for Q1FY26, with sales falling 12% to Rs. 73.0 crore from Rs. 82.7 crore in Q1FY25. EBITDA dropped sharply by 61% to Rs. 5.83 crore, while net profit fell 66% to Rs. 4.78 crore.
Written by Manideep Appana
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