IIFL Holdings has received National Company Law Tribunal’s (NCLT) approval for the Scheme of Arrangement envisaging the demerger of Real Estate Advisory services undertaking from IIFL Facilities Services (IFSL), (Formerly IIFL Real Estate) a wholly-owned-subsidiary of the company into another wholly-owned-subsidiary namely India Infoline Insurance Services and their respective shareholders. The company has received certified true copy of the order of NCLT approving the same.
The India Infoline (IIFL) group, comprising the holding company, India Infoline and its subsidiaries, is one of the leading players in the Indian financial services space.