The shares of Alternative Worldwide Restricted have been buying and selling on the NSE right this moment at ₹815.50 down by ₹4.80 or 0.59% at 12.55 pm.
Alternative Worldwide Restricted has introduced a number of acquisitions including ₹635 crore in property beneath administration to its wealth administration division. The Mumbai-based monetary providers group entered definitive agreements to amass distribution companies from Fintoo Group, Glory Prime Wealth and 4 Himachal Pradesh-based mutual fund distributors.
The shares of Alternative Worldwide Restricted have been buying and selling on the NSE right this moment at ₹815.50 down by ₹4.80 or 0.59 per cent at 12.55 pm.
The Fintoo acquisition, working by way of Mihika Monetary Providers and Mihika Insurance coverage Advertising Agency, brings ₹300 crore in AUM and consists of distribution of wealth merchandise, insurance coverage, different funding funds and portfolio administration providers. The deal additionally transfers Fintoo’s shopper portfolio, crew, IT methods and infrastructure to Alternative.
Glory Prime Wealth Non-public Restricted, a Pune-based distributor managing ₹210 crore in property, provides to Alternative’s presence in western India. The corporate additionally fashioned a strategic affiliation with 4 Himachal Pradesh distributors who merged their operations, contributing ₹125 crore in AUM.
These acquisitions observe Alternative’s latest buy of Arete Capital Providers, which added ₹5,151 crore in AUM. The corporate’s whole wealth administration property have grown from roughly ₹1,000 crore to over ₹6,800 crore, representing almost seven-fold development.
Group CEO Arun Poddar acknowledged the acquisitions align with the corporate’s technique to construct a tech-driven, multi-channel wealth platform serving high-net-worth and institutional traders. Alternative Worldwide operates 211 branches and serves over 14 lakh purchasers by way of 63,000 enterprise associates.
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Printed on October 23, 2025