Emkay Global Surges 20% as Kirti Doshi Acquires 21% Stake with ₹227.5 Crore Equity Infusion

Mumbai, September 23, 2025 – Stocks of Emkay Global Financial Services Ltd (NSE: EMKAY, BSE: 532737) closed up 20% on Tuesday’s trade, following the announcement by the company of a significant equity investment from industry veteran Kirti Doshi.

As per the company’s press release, Doshi has invested through his family-held entity, Antique Securities Private Limited, buying a 21% stake in Emkay Global. Existing promoters Krishna Kumar Karwa and Prakash Kacholia also reaffirmed their commitment with another equity infusion. The total capital raised amounts to ₹227.5 crore, considerably enhancing the balance sheet and growth prospects of the company.

Emkay Global Financial Services Ltd, listed on both the NSE and BSE since 2006, is in the business of stockbroking and allied services. The company has established a solid presence in institutional equities, investment banking, and wealth management, catering to clients for more than three decades.

Market Reaction

Emkay Global Financial Services shares closed at ₹378.68, a 20% rise on September 23, 2025. Emkay Global shares began the day’s trading session at approximately ₹328.78, with the intra-day high at ₹378.68 and a low of ₹298.58. The firm has a market capitalization of about ₹969.44 crore. During the last 12 months, the share price of Emkay Global has moved between ₹168.00 (52-week low) and ₹378.68 (52-week high).

Management Commentary

Krishna Kumar Karwa & Prakash Kacholia, Co-Founders & Promoters, stated: “We are pleased to welcome Mr. Kirti Doshi, whose exceptional skills and strategic vision will prove invaluable as we consolidate leadership and position ourselves for the next stage of growth.”

Kirti Doshi further added: “I am honored to be investing in Emkay, a brand with over 30 years of impeccable integrity, client orientation, and resilience. With the Founders, management, and us, we eagerly anticipate building stronger businesses, riding the power of innovation, and creating long-lasting value for all stakeholders.”

Strategic Outlook

With this new influx of capital and leadership depth, Emkay Global will:

• Grow institutional equities and investment banking businesses.
• Strengthen wealth management and asset management franchises.
• Enhance its standing as a preferred partner in Indian capital markets.

REF: https://nsearchives.nseindia.com/corporate/jpshah_22092025173345_Pressrelease.pdf

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