Plus500 buys India's Mehta Equities for $20m

(Sharecast News) - Fintech group Plus500 has bought Indian financial services company Mehta Equities for $20m, the company said on Monday. Mehta provides broking services including futures, options and cash equities trading products.

"India represents the largest retail trading market globally with over 150bn contracts traded in 2024, equating to over 75% of the global transaction volume," the company said in a statement.

"The acquisition provides a compelling opportunity for Plus500 to strengthen its growing global futures offering and drive value-accretive growth."

Reporting by Frank Prenesti for Sharecast.com