IIFL Securities has divested entire stake (21.47%) in Giskard Datatech (Tendlyne), an associate of the Company to IIFL Capital Enhance Fund (AIF Category II). Earlier, in December, the company had entered into a Share Purchase Agreement (SPA) for the sale of its entire stake.
IIFL Securities operates as an investment management company. The company offers insurance, loans, mutual funds, property solutions, and wealth management services.