IIFL Finance’s wholly-owned subsidiary-- IIFL Fintech has completed the acquisition of Xtracap Fintech India (Xtracap). Consequently, IIFL Fintech holds 89.69% of the paid-up share capital of Xtracap, and, accordingly, Xtracap stands classified as a step-down subsidiary of the Company.
IIFL Finance (Erstwhile ‘IIFL Holdings Limited’) is one of the leading players in the Indian financial services space.