Antique Securities’ Kirti Doshi, through his family-controlled entity has acquired over 21% stake in Emkay Global. Alongside this, the existing promoters, Krishna Kumar Karwa and Prakash Kacholia-have reaffirmed their commitment with additional equity investment. Together, there has been a total capital infusion of Rs 227.5 crore.
Speaking on the stake buy, Kirti Doshi said, “I am privileged to invest in Emkay, a company that has consistently demonstrated integrity, client focus, and resilience for over 30 years. Together with the Founders, and with the support of the management, we look forward to building stronger businesses, leveraging innovation, and creating enduring value for all stakeholders.”
Commenting on the development, Krishna Kumar Karwa and Prakash Kacholia, co-founders & promoters of Emkay Global, said, “We are delighted to welcome Kirti Doshi. He brings unmatched industry expertise and strategic foresight, which will be invaluable.”
Emkay Global in expansion mode
With this infusion of capital, Emkay Global is expected to expand its offerings and strengthen institutional equities, investment banking, wealth management and asset management franchises.
The share price of Emkay Global is positive in trade today. Over the last 1 month, it has delivered 49% returns. The stock has gained 59% in the last 1 year.