Anand Rathi Wealth has informed that ANAND RATHI FME (IFSC) PRIVATE LIMITED, a wholly owned subsidiary of Anand Rathi Wealth Limited (Company), has received an In-principle approval from the International Financial Services Centres Authority (IFSCA) for registration as a Fund Management Entity (Non-retail) at the International Financial Services Centre (IFSC), GIFT City, Gujarat. Pursuant to the aforesaid approval, ANAND RATHI FME (IFSC) PRIVATE LIMITED shall undertake the necessary steps, including fulfilment of applicable regulatory, operational and capital requirements, as prescribed by IFSCA, for obtaining the final certificate of registration and commencement of its business activities in due course of time. The commencement of operations shall be subject to receipt of the final registration from IFSCA and compliance with all applicable laws, regulations and conditions stipulated by the regulatory authority.
The above information is a part of company’s filings submitted to BSE.
