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Anand Rathi Wealth Services withdraws proposed IPO

Wednesday, December 26, 2018, 7:15 PM

Anand Rathi Wealth Services on December 26 decided to withdraw its proposed IPO. The company had filed its draft red herring prospectus (DRHP) towards the end of September when the markets were doing well. But it said that with the IPO markets entering a wait and watch mode, the company has decided to explore IPO at a later stage.