India, Feb. 17 -- InCred Group has acquired Dubai-based financial and investment advisory firm Arrow Capital (DIFC) Limited to expand its operations in the Middle East and Africa regions.

However, the company did not disclose the financial terms of the deal.

With this acquisition, InCred also looks to bolster its capabilities across wealth management, investment banking and asset management, according to a statement.

"It (Arrow Capital) would be a wholly owned subsidiary for now and we would look to merge it with our existing franchise, subject to the relevant approvals," Inc42 has learnt from the company's spokesperson.

Post acquisition, InCred Global Wealth that has offices in Dubai, Singapore and London will manage assets exceeding...