Updates
IIFL Holdings Ltd has informed BSE that pursuant to the approval of the Committee of the Board of Directors at its meeting held on March 30, 2016 the Company has acquired 26,86,481 equity shares having face value of Rs. 10/- each constituting 1.13% of the Equity share Capital of M/s. India Infoline Finance Limited ("IIFL"), the Non Banking Financial subsidiary of the Company, from M/s. Bennett Coleman & Company Ltd at fair value as certified by an... Updates
With reference to the earlier intimation dated February 26, 2016 with regard to investment by General Atlantic Singapore Fund Pte. Ltd. [GA] in the Wealth Management Subsidiary of the Company i.e. IIFL Wealth Management Limited (IIFLW). In this regard, IIFL Holdings Ltd has now informed BSE that IIFLW has since received balance consideration of Rs. 588.01 Crore towards exercise of warrants from GA and accordingly the Board of Directors of IIFLW at... Allotment of Equity Shares upon exercise of ESOPs
IIFL Holdings Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company by way of circular resolution(s) dated March 16, 2016, allotted 10,54,000 equity shares to the eligible person(s) upon exercise of stock options under Employee Stock Option Schemes.Upon allotment, the equity base of the Company stand increased from equity shares 31,54,82,854 to 31,65,36,853 equity shares of Rs. 2/- each. Outcome of Committee Meeting
IIFL Holdings Ltd has informed BSE that further to IRDA approval and the approval of the Audit Committee, the Committee of the Board of Directors at its meeting held on March 11, 2016, approved the acquisition of balance 50,000 equity shares constituting 10% of the equity share capital of the Insurance Broking Subsidiary i.e. India Infoline Insurance Brokers Limited from Orpheus Trading Private Limited at a fair value as certified by an independent... Grant of Employee Stock Options
IIFL Holdings Ltd has informed BSE that The Nomination and Remuneration Committee of the Board of Directors of the Company by way of a circular resolution dated March 08, 2016 granted 9,00,000 (Nine Lakhs) employee stock options to the eligible employee(s) under Employee Stock Option Schemes of the Company. Updates
With reference to the earlier letter dated February 25, 2016 with regard to investment by General Atlantic Singapore Fund Pte. Ltd. [GA] in the Wealth Management Subsidiary of the Company i.e. IIFL Wealth Management Limited (IIFLW), IIFL Holdings Ltd has now informed BSE that the Board of Directors of IIFLW at its adjourned meeting held on February 26, 2016 noted the transfer of 19,17,493 Equity Shares by its employees to GA at a price of INR 586.70... Update on investment by General Atlantic Singapore Fund Pte. Ltd. in IIFL Wealth Management Limited
With reference to the earlier letter dated October 24, 2015 with regard to agreement for investment by General Atlantic Singapore Fund Pte. Ltd. [GA] in the Wealth Management Subsidiary of the Company i.e. IIFL Wealth Management Limited (IIFLW), IIFL Holdings Ltd has now informed BSE that the Board of Directors of IIFLW at its meeting held on February 25, 2016 inter alia, has approved the following:... IIFL Wealth Management buys NBFC Chephis Capital
IIFL Wealth Management, a subsidiary of financial services firm IIFL Holdings, today acquired non banking finance company Chephis Capital Markets Ltd.The board has approved acquisition of 100 per cen... Updates
IIFL Holdings Ltd has informed BSE that the Board of Wealth Management subsidiary i.e. IIFL Wealth Management Limited ["IIFLW"] has on February 13, 2016 approved acquisition of 100% shareholding of Chephis Capital Markets Limited ["Chephis"], a Non Deposit Taking Non Systematically Important NBFC [ND -Non SI], from the existing shareholders of Chephis, pursuant to the prior approval of RBI and other regulatory compliances. The acquisition has been... Update on investment by General Atlantic Singapore Fund Pte. Ltd. in IlFL Wealth Management Limited
IIFL Holdings Ltd has informed BSE regarding "Update on investment by General Atlantic Singapore Fund Pte. Ltd. in IlFL Wealth Management Limited".