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AnandRathi PWM to IPO, raise INR 5 billion

Indian wealth manager, AnandRathi Private Wealth Management (AR PWM), intends to raise INR500 crore (US$74.8 million) through an IPO this year. Chief executive officer of AR PWM, Rakesh Rawal, confirmed the IPO with Indian news network, Moneycontrol. “We have decided that we want to go for [the] IPO but details are being worked out,” Rawal said. Sources close to the deal…

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