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IIFL Finance Ltd.

BSE: 532636 Sector: Financials
NSE: IIFL ISIN Code: INE530B01024
BSE 00:00 | 24 Apr IIFL Finance Ltd
NSE 05:30 | 01 Jan IIFL Finance Ltd

Disclosures Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regula

March 31, 2020, 12:02 am | Source: BSE

In furtherance of our intimation dated March 12 2020 we would like to inform that the Committee of Board of Director of the Company at its meeting held today approved the following:

1.Effecting of the merger of India Infoline Finance Limited with the Company w.e.f. March 30 2020 under the Composite Scheme of Arrangement from the Appointed Date i.e. April 01 2018 with the filing of requisite forms INC 28 with the Ministry of Corporate Affairs.

2.Allotment of 58654556 equity shares to the residual shareholders of India Infoline Finance Limited i.e. CDC group PLC and the employees in the ratio of 135 fully paid up equity share of Rs 2 each of the Company for every 100 equity share of Rs. 10 each of India Infoline Finance Limited held by a shareholder of India Infoline Finance Limited as on March 30 2020. Pursuant to the allotment of fresh equity shares the equity base of the Company stand increased from 319686366 to 378340922 equity shares of Rs.2 each.