Anand Rathi Wealth Subsidiary Gets In-Principle Approval for Fund Management

Anand Rathi FME (IFSC) Private Limited, a wholly owned subsidiary of Anand Rathi Wealth Limited, has received an in-principle approval from the International Financial Services Centres Authority (IFSCA). This approval is for registration as a Fund Management Entity (Non-retail) at GIFT City, Gujarat. The subsidiary will now proceed with fulfilling regulatory, operational, and capital requirements to obtain final registration and commence business operations. The commencement is contingent upon receiving the final registration and adhering to all stipulated laws and regulations.