IIFL Wealth Management has informed that the Nomination and Remuneration Committee of the Board of Directors of the Company by way of circular resolution allotted 1,711,381 equity shares to the eligible employees upon exercise of stock options under Employee Stock Option Scheme. Upon allotment, the equity base of the Company stands increased from 8,51,26,248 to 8,68,37,629 equity shares of Rs 2 each.
The above information is a part of company’s filings submitted to BSE.