Anand Rathi Wealth Limited announced the incorporation of a new, wholly-owned subsidiary, ‘Anand Rathi FME (IFSC) Private Limited’, effective February 16, 2026. The entity has been established in Gift City, Gujarat, with an Issued Capital of INR 100,000. The primary objective of the new subsidiary is to secure a Fund Management license to conduct business related to Alternate Investment Funds (AIFs) under the jurisdiction of the International Financial Services Centres Authority.
Announcement of New Subsidiary Incorporation
Anand Rathi Wealth Limited has formally completed the incorporation of a new wholly-owned subsidiary, named ‘Anand Rathi FME (IFSC) Private Limited’. This incorporation was made effective on February 16, 2026, confirming the company’s strategic expansion into the GIFT City, Gujarat jurisdiction.
Capital Structure and Ownership
The newly formed entity has an Issued Capital of INR 100,000/-. Anand Rathi Wealth Limited has subscribed to 100% of the share capital, consisting of 10,000 Equity Shares of INR 10/- each, acquired for cash at par. Consequently, the subsidiary is entirely held by the parent company.
Business Objective and Future Operations
The primary purpose of establishing Anand Rathi FME (IFSC) Private Limited is to function as a fund management entity. It intends to undertake Fund Management activities specifically through setting up Alternate Investment Funds (AIFs). To achieve this, the subsidiary will seek necessary regulatory approvals from the International Financial Services Centres Authority (“IFSCA”) to carry out fund management business under the relevant regulations. As the company has only just been incorporated, it has not yet commenced business operations, and therefore, its size and turnover are currently Not Applicable.
Acquisition Details Summary
Since this action constitutes the incorporation and subscription of share capital rather than the acquisition of an existing entity, considerations such as share swap or acquisition price are Not Applicable. The disclosure confirms the transaction was conducted on an arm’s length basis as the subsidiary is wholly owned.
Source: BSE
