Plus500 has agreed to acquire the entire share capital of Indian financial services company, Mehta Equities Limited, for approximately $20m (£15.47m).

The FTSE 250-listed Israeli-founded online trading services provider said that the acquisition will expand its geographic footprint into "India’s large and well-established financial industry, including futures trading".

Plus500 said that India represents the largest retail trading market globally with over 150 billion contracts traded in 2024, equating to over 75% of the global transaction volume.

Furthermore, it added that the takeover will drive the growth of its existing operations in the US futures market as well as its various Indian financial products and offerings.

Mehta was established in 1995 and has since grown its operations to include brokering, portfolio management services, investment banking and other custodian services.

Chief executive officer at Plus500, 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.

"This acquisition aligns with our vision to strengthen our position as a leading multi-asset fintech group, providing seamless and innovative access to financial markets worldwide. We are excited to embark on this journey with Mehta's team and create long-term value for our stakeholders."

Chairman at Mehta, Rakesh Mehta, added: "We are proud and excited to be joining a well renowned and established global fintech group such as Plus500. We look forward to a successful future together as we work collectively to grow the businesses and take them to the next level."

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