Amisha Vora, the co-owner and joint managing director of Prabhudas Lilladher Group (PL), has acquired the financial services entity and will now be its chairperson and managing director.

Vora earlier held 24 per cent in the PL group. She has now raised this to 96 per cent.

The acquisition has been approved by the Securities and Exchange Board of India (Sebi), the BSE and the NSE, the Reserve Bank of India (RBI) and the other regulators of respective Lilladher group companies.

Banks have also approved the change in shareholding, a press statement from PL said on Wednesday.

“My mission is to ensure that we at PL continue to work towards converting our client’s savings into wealth.

“The PL brand has been built on the values of Trust, Transparency and Ethical Practices. We will continue to build our businesses on these core values of PL, which are ingrained in our DNA,” Amisha Vora said.

Commenting on her future plans for PL, she said that it will focus on being a value-added integrated financial services provider with strong research at its core.

“We believe that quantitative research is the future and we will work towards taking a leading position in quant-based asset and wealth management services.’’

Vora is planning to build a team of qualified professionals. She pointed out that over the last few months, PL has made significant changes in the team by bringing in experienced professionals for its verticals.