Angel One Limited has announced the acquisition of additional control in its wholly-owned subsidiary, Angel One Wealth Limited, to support working capital requirements. The cash transaction will be completed by March 2027 at a price to be determined by an independent valuer. The move strengthens the company's financial services distribution arm.
Angel One Limited is acquiring additional control in its wholly-owned subsidiary, Angel Fincap Private Limited (AFPL). The transaction, to be completed by March 2027, aims to meet working capital requirements. The acquisition price will be determined later via an independent valuation report. AFPL is an NBFC engaged in the lending business.