Plus500 acquires Mehta Equities to expand in India, strengthening its futures trading portfolio and fintech presence in the market.
Plus500 acquires Mehta Equities to expand in India, strengthening its futures trading portfolio and fintech presence in the market.
Plus500 Ltd acquires the entire share capital of Mehta Equities Limited, an Indian financial services company specializing in broking services, including futures, options, and cash equities trading. However, the completion of the deal is contingent upon regulatory approvals and other closing conditions.
Plus500 will finance the $20 million transaction from its existing cash reserves, which totaled approximately $890 million on December 31, 2024. The payment will be made upon completion, with certain adjustments expected. This acquisition marks a strategic move for Plus500, allowing it to expand its presence in India’s well-established financial industry, particularly in futures trading.
With this deal, Plus500 aims to strengthen its growing global futures portfolio, leveraging its advanced proprietary technology, exceptional customer support, and deep expertise in the futures market. By integrating Mehta Equities, the company aims to enhance its offerings and drive value-accretive growth in the competitive Indian financial landscape. Founded in 1995 by Rakesh Mehta, Mehta Equities has expanded its operations significantly over the years.
It offers a range of financial services, including brokering in futures, options, and cash equities, as well as portfolio management services, investment banking, and custodian services. The Securities and Exchange Board of India (SEBI) regulates the firm, which holds memberships with key Indian exchanges, including the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX).
Additionally, it has a clearing membership with the Indian Clearing Corporation (ICCL). An experienced leadership team manages Mehta Equities, with Rakesh Mehta continuing his role post-acquisition. Commenting on the deal, Plus500 CEO David Zruia expressed enthusiasm about entering the Indian market, highlighting the company’s commitment to expanding its fintech footprint and unlocking new growth opportunities.
Meanwhile, Rakesh Mehta shared his optimism about collaborating with Plus500, emphasizing the potential for collective growth and success. As both companies align their strategies, they expect this acquisition to bring long-term value to stakeholders while enhancing access to financial markets in India and beyond.
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