Anand Rathi Wealth Limited has infused additional capital of ₹5,49,00,000 into its wholly-owned subsidiary, Anand Rathi FME (IFSC) Private Limited. This investment, made via a rights issue, supports the subsidiary’s objective to establish a fund management entity. The subsidiary, incorporated on February 16, 2026, will operate from GIFT City, Gandhinagar, focusing on Alternate Investment Fund (AIF) activities.
Strategic Capital Infusion for Fund Management
Anand Rathi Wealth Limited has announced a significant capital infusion into its wholly-owned subsidiary, Anand Rathi FME (IFSC) Private Limited. The investment amounts to ₹5,49,00,000, achieved through the subscription of 54,90,000 equity shares at a face value of ₹10 each on a rights basis. This strategic move underscores the company’s commitment to expanding its financial services offerings.
Subsidiary’s Focus and Operations
Anand Rathi FME (IFSC) Private Limited, incorporated on February 16, 2026, is poised to operate as a Fund Management Entity (Non-Retail). The subsidiary will be based in the International Financial Services Centres (IFSC) at GIFT City, Gandhinagar, Gujarat. Its primary objective is to undertake fund management activities, including those related to Alternate Investment Funds (AIFs).
Regulatory Approvals and Related Party Status
The subsidiary has secured in-principal approval from the International Financial Services Centres Authority (IFSCA) and will seek final approval for its fund management business. As Anand Rathi FME (IFSC) Private Limited is a wholly-owned subsidiary of Anand Rathi Wealth Limited, the transaction is classified as a related party transaction. However, it is exempt from shareholder approval requirements under Regulation 23(5) of the SEBI LODR, and the transaction is conducted at arm’s length.
Entity Background
Anand Rathi FME (IFSC) Private Limited is a newly incorporated entity. As such, its size, turnover, and financial statements are not yet finalized, making the ‘Size/Turnover’ and ‘Turnover for last three financial years’ particulars not applicable at this stage. The company is registered in India, and its business activity is clearly defined as Fund Management Entity (Non-retail).
Source: BSE
