02-Sept-2026 16:56:55

ANAND RATHI WEALTH LTD : GIFT CITY STEP-DOWN SUBSIDIARY LAUNCHES FUND MANAGEMENT OPERATIONS

• Anand Rathi FME (IFSC) Private Limited (ARFME), a wholly owned subsidiary, has been incorporated and received in-principle approval for Fund Management Entity (Non-Retail) at IFSCA, GIFT City. • ARFME will set up a fund management entity to undertake Fund Management activities through Alternate Investment Fund (AIF). • The company subscribed to 54,90,000 equity shares of ₹10 each, aggregating ₹5,49,00,000 on rights basis. • The transaction is exempt from shareholders' approval requirements under Regulation 23(5) of SEBI LODR.

Anand Rathi Wealth Limited

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