Plus500 Ltd on Monday said it has agreed to acquire India-based Mehta Equities Ltd for $20 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 $890 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 ₹46.00 in Bombay.
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