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IIFL Wealth Management Ltd.

BSE: 542772 Sector: Financials
BSE 00:00 | 24 Apr IIFL Wealth Management Ltd
NSE 05:30 | 01 Jan IIFL Wealth Management Ltd

Iifl Wealth Management Limited - Acquisition

April 24, 2020, 12:00 am | Source: NSE

Iifl Wealth Management Limitednform the stock exchange(s) that IIFL Wealth Finance Limited has completed the acquisition of 100% of the paid- up share capital of L&T Capital Markets Limited (LTCM) on a fully diluted basis from L&T Finance Holdings Limited on 24 April 2020. Accordingly, with effect from 24 April 2020, LTCM has become a wholly owned subsidiary of the Company. We enclose herewith:i. a copy of the press release issued by the Company (Annexure I):ii. details of the acquisition, pursuant to SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 (Annexure II)We request you to kindly take this intimation on record.