AR Wealth subsidiary gets IFSCA in-principle nod for fund management entity at GIFT City

Regulatory Product ApprovalBusiness Updates View source PDF

ANANDRATHI · price

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-0.5%1-day move

₹2081.10

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₹2076.10

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AI summary

Anand Rathi Wealth's wholly owned subsidiary, Anand Rathi FME (IFSC) Pvt Ltd, has received in-principle approval from IFSCA to register as a Fund Management Entity (Non-retail) at GIFT City, Gujarat. The subsidiary will now complete regulatory, operational and capital requirements to obtain the final registration certificate and commence business activities in due course.

Likely market impact

Positive step towards expanding into IFSC-based fund management; final registration and actual commencement of operations are still pending.