IIFL Wealth Management Ltd - 542772 - Intimation Under Regulation 30 Of The SEBI LODR - Consolidation Of Distribution Businesses Of Subsidiaries
Presently the distribution of financial products businesses of IIFL Wealth Management Limited are carried on under three wholly owned subsidiaries viz. IIFL Wealth Capital Markets Limited ('IWCML') and IIFL Wealth Prime Limited ('IWPL') and IIFL Wealth Distribution Services Limited ('IWDSL'). With a view to consolidate the above distribution businesses under a single wholly owned subsidiary, it is proposed to demerge the distribution business from IWPL and IWCML to IWDSL. The intimation in this regard is enclosed herewith02-07-2021