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Indian wealth manager acquires rival, deal should boost AUM to US$2 billion

India’s Anand Rathi Wealth Management has agreed to acquire Religare Enterprise’s wealth management business for an undisclosed amount.  The deal will push Anand Rathi’s assets under management from 100 billion rupees to 135 billion rupees (US$2.01 billion), according to Reuters.  “With the acquisition, we also take on a significant responsibility – carefully integrating customers and employees from a firm as well-reputed…

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