Anand Rathi Wealth Subsidiary Receives In-principle Approval for Fund Management Registration at GIFT City
Anand Rathi Wealth Limited announced that its wholly owned subsidiary, ANAND RATHI FME (IFSC) PRIVATE LIMITED, has received in-principle approval from the International Financial Services Centres Authority (IFSCA). The approval is for registration as a Fund Management Entity (Non-retail) at the International Financial Services Centre (IFSC) in GIFT City, Gujarat.The subsidiary will now proceed with the necessary steps to fulfill the regulatory, operational, and capital requirements prescribed by the IFSCA. These actions are required to obtain the final certificate of registration and initiate business activities.
Operations will commence once the final registration is secured and all conditions stipulated by the regulatory authority are met.
ANANDRATHI Stock Price Movement
Shares of Anand Rathi Wealth Limited are holding firm at ₹2081.8 as of 11:33 AM today, showing a 0.00% change in live trading. Trading activity shows a volume of 57,428 shares as the stock maintains its position during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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