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Edelweiss WM to gain over one million new clients with Religare acquisition

Indian wealth manager Edelweiss Wealth Management is set to gain access to over a million clients and 90 branches in its parent group’s planned acquisition of the securities business from Religare Enterprises. The acquisition would include Religare’s securities and commodities broking businesses, and depository participant service, Edelweiss Group announced Wednesday. Rahul Jain, head of personal wealth advisory at Edelweiss Global Wealth Management told…

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