Ladderup Finance Ltd Subsidiary Acquires 100% Stake in Jericho Ventures Private Limited for Rs. 14 Crore
Ladderup Asset Managers Private Limited, a subsidiary of Ladderup Finance Ltd., has acquired a controlling stake in Jericho Ventures Private Limited (JVPL). The transaction, formalized through a Share Purchase Agreement (SPA) on April 14, 2026, involves the direct acquisition of 100% of the paid-up equity shares of JVPL.The total consideration for the acquisition was set at Rs. 14,00,00,000/- (Rupees Fourteen Crores Only). Following the completion of the transaction, JVPL will become a Wholly Owned Subsidiary of Ladderup Asset Managers Private Limited, subsequently establishing itself as a Step-Down Subsidiary of Ladderup Finance Ltd.
The move reinforces the company's strategic goal of business expansion through its subsidiary.
Profile of Jericho Ventures Private Limited
Jericho Ventures Private Limited operates as a boutique financial services firm based in Mumbai. The company specializes in providing institutional-grade, bespoke financial solutions tailored for affluent individuals and High Net-Worth Individuals (HNIs).Established on June 23, 2016, the entity has operated solely within the financial services sector in India.
The acquisition details highlight the substantial financial scale and market presence of the acquired entity.
| Detail | Figure/Description |
|---|---|
| Paid-up Capital | Rs. 1,17,660/- (11,766 shares of Rs. 10/- each) |
| Industry | Financial Services |
| Acquisition Cost | Rs. 14,00,00,000/- (Rupees Fourteen Crores Only) |
| Acquisition Timeline | On or Prior to October 15, 2027 |
| Consideration Form | Cash (through banking channel) |
Financial Overview of Jericho Ventures Private Limited
The financial history of Jericho Ventures Private Limited shows consistent growth in its turnover over the past three fiscal years.| Fiscal Year | Turnover |
|---|---|
| FY 2022-23 | Rs. 1,45,19,137/- |
| FY 2023-24 | Rs. 1,97,09,943/- |
| FY 2024-25 | Rs. 2,33,66,920/- |
Stock Price Movement
Ladderup Finance Ltd settled at ₹53.80 on Monday, dropping 7.15% in after-hours trading. Shares saw a wide swing throughout the day, finding a low of ₹51.25 before reaching a peak of ₹57.40.Source:
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