Plus500 to Acquire Mehta Equities in a $20M Deal
Plus500 Ltd, a global retail FX and CFD broker listed on the London Stock Exchange, has agreed to acquire Mehta Equities Limited, an Indian financial services firm. The deal is valued at approximately $20 million and marks Plus500’s entry into India’s financial market.
Details of the Acquisition
The agreement includes the full acquisition of Mehta Equities’ share capital. The purchase price is around $20 million and will be paid from Plus500’s existing cash reserves, which stood at $890 million as of December 31, 2024. Completion of the deal depends on regulatory approvals and other closing conditions.
This acquisition allows Plus500 to enter India’s established financial sector. It supports the company’s aim to expand its global futures offering. Plus500 will use its proprietary technology and customer support capabilities to drive growth in the new market.
About Mehta Equities
Rakesh Mehta founded Mehta Equities in 1995. The firm offers broking services, including futures, options, and cash equities. It also provides portfolio management, investment banking services such as capital raising and IPOs, and custodian services. The Securities and Exchange Board of India (SEBI) regulates Mehta Equities. It holds memberships with NSE, BSE, MCX, MSE, and NCDEX. It also has a clearing membership with the Indian Clearing Corporation (ICCL).
About Plus500
Plus500 was founded in Israel in 2008. It is a global fintech firm offering online trading services. The company provides a platform for trading contracts for difference (CFDs) across various financial instruments, including commodities, shares, currencies, and indices. In 2013, Plus500 listed on the London Stock Exchange. Then, it achieved a market capitalization of nearly £2 billion by 2025. Plus500 aims to provide reliable and intuitive access to financial opportunities across various instruments, countries, and devices. By 2024, the company reported revenues of approximately $768 million.
Summing Up
The acquisition strengthens Plus500’s global strategy and gives it direct access to India’s financial markets. The deal awaits regulatory approval before completion.
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