just now
LSEG-listed multi-asset broker Plus500 Ltd. has conditionally agreed to acquire 100% of the share capital of the Indian financial services firm Mehta Equities Limited, marking its entry into India’s established futures and derivatives market.
The transaction will see Plus500 acquire Mehta, an India-based brokerage providing futures, options and cash equities trading, subject to regulatory approvals and customary closing conditions. The consideration is approximately $20m and will be funded from Plus500’s existing cash balances of around $890m as at 31 December 2024, with payment due on completion and subject to certain adjustments.
The acquisition expands Plus500’s geographic footprint into India, which represents the largest retail trading market globally. More than 150bn futures contracts were traded in India during 2024, accounting for over 75% of global transaction volume. Through the deal, Plus500 is seeking to strengthen its global futures offering by combining its proprietary trading technology and operational scale with local market access.
The transaction is expected to increase Plus500’s presence in global futures by enabling the provision of execution and clearing services to both institutional and retail clients. It also creates a platform to develop synergies between Plus500’s existing US futures operations and the Indian derivatives market, while broadening the group’s product coverage to include Indian cash equities, options, wealth management and additional domestic financial services.
Founded in 1995 by Rakesh Mehta, the Indian financial services firm Mehta Equities operates across broking, portfolio management services, investment banking and custodian services. The business is regulated by the Securities and Exchange Board of India and holds memberships with the National Stock Exchange, Bombay Stock Exchange, Multi Commodity Exchange, Metropolitan Stock Exchange of India and National Commodity and Derivatives Exchange, alongside a clearing membership with the Indian Clearing Corporation.
Mehta Equities is led by its Founder and Chairman, Rakesh Mehta, who will continue to be involved in the business following completion of the acquisition.
Rakesh Mehta, Chairman, Mehta Equities
Rakesh Mehta, Chairman, Mehta Equities commented:
“We are proud and excited to be joining a well renowned and established global fintech group such as Plus500. We look forward to a successful future together as we work collectively to grow the businesses and take them to the next level.”
David Zruia, Chief Executive Officer of Plus500, said the transaction forms part of the group’s broader global expansion strategy, with a focus on scaling its futures capabilities across multiple jurisdictions.
David Zruia, Chief Executive Officer, Plus500
David Zruia, Chief Executive Officer, Plus500 said:
“We are thrilled to announce this acquisition in India, which marks a significant milestone in our global expansion strategy. By combining Plus500's cutting-edge technology with Mehta's local presence and expertise, we aim to accelerate growth and unlock new opportunities in this dynamic and fast-growing market.
This acquisition aligns with our vision to strengthen our position as a leading multi-asset fintech group, providing seamless and innovative access to financial markets worldwide. We are excited to embark on this journey with Mehta's team and create long-term value for our stakeholders.”
Rakesh Mehta said the deal provides an opportunity for the Indian brokerage to combine its domestic market expertise with Plus500’s global technology and infrastructure.
Found this interesting? Become a member of LiquidityFinder and get daily industry news direct to your inbox — .join here
