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IIFL WM reportedly exploring acquisition in Chennai

IIFL Wealth Management is reportedly exploring the acquisition of a majority stake in Chennai-based firm, Wealth Advisors. India’s second-largest wealth manager by AUM is in discussions to acquire an 80% stake of Wealth Advisors — a private wealth manager and family office servicing South India — through a purchase of cash and stock options, as earlier reported by India’s Economic Times. The…

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