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IIFL Wealth gears up for post-raise expansion

IIFL Wealth Management, India’s second largest private wealth manager by AUM and a subsidiary of IIFL Holdings, has been on a tear of late, joining the ranks of those firms that have raised capital to fund business expansion and enjoyed the tailwinds of demonetisation. Last month, IIFL confirmed it would raise some US$110 million through the sale of 4.49 million…

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