Last Updated:
Stock surged 33 percent after Kirti Doshi acquired a 21 percent stake via Antique Securities. Promoters invested more, totaling 227.5 crores.
Emkay Global Financial Services Limited shares surge 33 per cent in 5 days
Shares of Emkay Global Financial Services Limited surged 33 per cent in the past five sessions after industry veteran Kirti Doshi via Antique Securities Private Limited acquired a 21 per cent stake in the company.
Alongside this, the existing promoters – Mr. Krishna Kumar Karwa and Mr. Prakash Kacholia — have reaffirmed their commitment to the Company with an additional equity investment. Together, the total capital infusion stands at 227.5 crores, strengthening Emkay Global’s Balance Sheet and growth ambitions.
On Thursday, stocks lost the momentum to fall over 9 per cent. The scrip was trading at Rs 343.99 per share on BSE around 2:30 pm.
Emkay Global Financial Services Limited is backed by ace investor Dolly Khanna. According to Trendlyne, she has invested around Rs 24.2 crore with 699,894 shares or 2.8 per cent stake.
The company has a market cap of Rs 877.81 crore.
On 22 September 2025, the Board of Emkay Global Financial Services Ltd approved key steps to raise funds.
The board also approved issuing up to 95 lakh convertible warrants at Rs 239.50 each. Each warrant can be converted into one equity share of Rs 10 at a premium of Rs 229.50 per share within 18 months. The total fundraise could reach Rs 227.52 crore.
Investors will pay 25% of the warrant price upfront, with the balance later, subject to shareholder and regulatory approvals.
“Mr. Kirti Doshi, a veteran with 48 years of experience in capital markets, will bring unparalleled strategic insight and operational expertise. His involvement marks a pivotal milestone in Emkay’s journey, reinforcing its strong foundation while opening new pathways for accelerated expansion, innovation, and governance excellence,” the company said in the filing.
For the fiscal year ending March 2025, Emkay Global Financial Services Ltd reported a revenue of Rs 315.35 crore, slightly down from Rs 71.76 crore in December 2024, with a net profit of Rs 58.91 crore. The company’s quarterly figures for March 2025 showed revenue of Rs 69.31 crore and a net profit of Rs 10.96 crore, translating to an earnings per share (EPS) of Rs 4.40, up from Rs 3.97 in the previous quarter, reflecting steady financial performance.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 25, 2025, 14:42 IST
Read More
