Mahi Madhusudan Kela acquires 1.12% stake in Emkay Global in Q3
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Indian investor Mahi Madhusudan Kela acquired a 1.12% stake in Emkay Global Financial Services during the quarter ended December 31, 2025. The smallcap firm, which operates across investment banking, wealth management and portfolio management services, also counts marquee investors such as Dolly Khanna and Sanjiv Dhireshbhai Shah among its shareholders. Kela’s 1.12% holding translates to nearly 2.9 lakh equity shares in the company. She is the wife of veteran investor Madhusudan Kela. The stake purchase comes at a time when the stock has seen prolonged underperformance. Over the past three months, shares of Emkay Global Financial Services have declined 14%, compared with a roughly 3% fall each in the Nifty and the BSE Sensex. Its one-year return has also moderated to about 3%. Despite the recent weakness, the multibagger stock—up 283% over the last three years—is still trading above its 50-day and 200-day simple moving averages of Rs 281 ...