Anand Rathi Share And Stock Brokers Ltd
π° Anand Rathi Invests Rs. 2 Cr in Subsidiary ARIVPL for Expansion
- Anand Rathi invests Rs. 2,00,00,000 in ARIVPL via a Rights Issue.
- ARIVPL allots 15,00,000 equity shares (FV Rs. 10 each) on June 16, 2026.
- Post-investment, total holding in ARIVPL stands at 1,29,27,600 shares (100% subsidiary).
- Turnover data: Rs. 0.50 Cr (FY2026), Rs. 1.95 Cr (FY2025), Rs. 0.20 Cr (FY2024).
- Strategic move aligns with financial services expansion goals.
- Transaction deemed armβs length, no change in shareholding.
- ARIVPL offers wealth management, investment advisory & insurance services.