Indian Market Expansion: Plus500 Purchases Mehta Equities to Boost Presence in India

Plus500, a global fintech group with proprietary trading platforms, has conditionally agreed to acquire 100% of Mehta Equities Limited, an Indian financial services company. Mehta offers broking services, including futures, options, and cash equities trading. This acquisition strengthens Plus500s presence in the Indian market and broadens its service offerings.

According to the broker, The Acquisition enables Plus500 to expand its geographic footprint into Indias large and well-established financial industry, including futures trading. India represents the largest retail trading market globally with over 150bn contracts traded in 20241, equating to over 75% of the global transaction volume. The Acquisition provides a compelling opportunity for Plus500 to strengthen its growing global futures offering and drive value-accretive growth by leveraging its market-leading, proprietary technology, best-in-class customer support and in-depth knowledge in the futures market.

David Zruia, CEO of Plus500 commented: 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, Chairman of Mehta, 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”.

About Mehta Equities Limited

Mehta was established in 1995 by Rakesh Mehta. It has grown its operations to include Brokering (futures, options, and cash equities), Portfolio Management Services (Customer Portfolio Management), Investment Banking (Capital Raising, IPOs and M&A) and other custodian services.

About Plus500

According to the broker, Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, namely Contracts for Difference (CFDs)), share dealing, as well as futures and options on futures. Plus500s trading platforms are accessible from multiple operating systems (iOS, Android and Windows) and web browsers.

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