IIFL Wealth Management has completed the acquisition of 91% of the paid up equity share capital of MAVM Angels Network (MANPL) on fully diluted basis. Accordingly, MANPL has become a subsidiary of the Company with effect from November 15, 2022. The cost of acquisition is Rs 45.74 crore. MANPL’s investment platform has synergies with product offerings of IIFL Wealth Management and its subsidiaries.
IIFL Wealth Management engages in the retail of financial products and services in India.