24th Mar 2025 08:53
(Alliance News) - Plus500 Ltd on Monday said it has agreed to acquire India-based Mehta Equities Ltd for USD20 million in a move that expands its global presence and marks its entry into the world's "largest retail futures trading market".
The Haifa, Israel-based contracts-for-difference trading platform provider said the acquisition of the entire share capital will be fully funded from its existing cash reserves of USD890 million and is subject to regulatory approval and closing conditions.
Founded in 1995, Mehta Equities is a financial services firm offering futures, options, and cash equities broking, as well as investment banking and portfolio management. It is regulated by the Securities & Exchange Board of India and holds memberships with India's National Stock Exchange and Bombay Stock Exchange.
Plus500 said the deal aligns with its strategy to grow its global multi-asset offering. According to the company, India accounted for over 150 billion traded contracts in 2024, or more than 75% of global retail trading volume, making it a key market for expansion.
Plus500 Chief Executive Officer David Zruia 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."
Mehta's founder Rakesh Mehta will remain with the business post-acquisition.
Shares in Plus500 were up 0.5% at 2,716.00 pence in London on Monday morning. Ordinary shares in Mehta were unchanged at INR46.00 in Bombay.
By Eva Castanedo, Alliance News reporter
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