BlueBlood Ventures has agreed to acquire a 99.99% stake in Fullerton Securities and Wealth Advisors in a cash deal worth INR225.8m ($3.5m).

India-based BlueBlood engages in trading of equity, derivatives, commodities, futures, and options, and other financial products.

Fullerton Securities & Wealth Advisors, also based in India, offers financial planning and wealth management services. The company is a unit of Angelica Investments.

The transaction is expected to be wrapped up on 31 January 2018, BlueBlood said in a filing with the stock exchange.

BlueBlood expects the acquisition to lead to operational synergies and higher growth for the firm.

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