Madhu Kela will take a stake in this stock market proxy player in the third quarter

Madhu Kela will take a stake in this stock market proxy player in the third quarter

Veteran investor Madhu Kela acquired a 1.12% stake in Emkay Global during the December quarter, according to the company’s latest shareholding disclosure, signaling fresh interest in the mid-market brokerage and financial services firm.At the same time, top investor Dolly Khanna cut her stake in the company to 2.3% at the end of the December quarter, down from 2.7% in the September quarter.

Emkay Global’s shareholding shows that promoters own about 72% of the company, while the remaining 28% is owned by public shareholders, including domestic institutions, non-institutional investors and high net worth individuals. The high promoter importance emphasizes management control and long-term commitment to the company.

Emkay Global is a diversified financial services company with a strong presence in equity brokerage, institutional equities, investment banking, asset management and research.

The investment banking activities are a mid-market, product-agnostic platform. It advises clients to raise growth capital in both public and private markets. It also provides ECM advisory services such as buybacks, open offers and delisting, among others. Emkay’s Wealth Management division offers personalized financial planning, high-potential investment opportunities and strategic wealth management solutions.


Madhu Kela’s entry into the stock is being closely watched by market participants given his track record of spotting midcap and smallcap opportunities early in their growth cycles.

Dolly Khanna’s partial exit, on the other hand, appears to be a portfolio rebalancing rather than a full exit. Khanna, who invests with her husband Rajiv Khanna, is known for investing in fundamentally strong companies with a niche positioning. The arrival of a seasoned investor like Madhu Kela could boost market confidence around Emkay Global, even as promoter ownership remains dominant and public shareholding reflects active investor churn.

Following the news, the company’s shares closed nearly 8% higher on Friday. Over the past one-year period, the stock has risen 5%. The company will report third-quarter results on January 27.

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