Anand Rathi Wealth Invests ₹5.49 Cr in Subsidiary via Rights Issue

Anand Rathi Wealth Limited has infused additional capital into its wholly owned subsidiary, Anand Rathi FME (IFSC) Private Limited, by subscribing to a rights issue of equity shares. The company subscribed to 54,90,000 equity shares of ₹10 each, amounting to ₹5,49,00,000. Anand Rathi FME (IFSC) Private Limited is a newly incorporated entity focused on fund management activities through Alternate Investment Funds (AIF) at GIFT City, Gandhinagar. It has received in-principle approval from IFSCA and will seek final approval to commence operations. This investment is considered a related party transaction but is exempt from shareholder approval.