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IIFL shines as its arm receives SEBI nod to act as Investment Adviser

06 Jan 2014 Evaluate

IIFL is currently trading at Rs. 61.85, up by 0.45 points or 0.73% from its previous closing of Rs. 61.40 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 62.00 and Rs. 61.85 respectively. So far 590 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 90.90 on 07-Jan-2013 and a 52 week low of Rs. 40.00 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs. 64.50 and Rs. 60.00 respectively. The current market cap of the company is Rs. 1,828 crore.

The promoters holding in the company stood at 31.16% while Institutions and Non-Institutions held 42.39% and 26.45% respectively.

India Infoline's (IIFL) subsidiaries namely India Infoline Distribution Company (IIDCL) and IIFL Investment Adviser and Trustee Services (IIATSL) have received approvals from SEBI to undertake Investment Advisory Services.

As per the Group restructuring process already underway, IIFL's 'Financial Services Undertaking' comprising broking, DP, PMS, investment banking, distribution and related business is under the process of transfer to IIDCL through a Court and regulatory approvals, which is in its final stage and upon its expected completion within this financial year, will enable total segregation of the Financial Services business of IIFL into IIDCL. The appointed date for the transfer is April 1, 2013.

India Infoline offers financial services ranging from equities, derivatives, commodities, wealth management, asset management, insurance, fixed deposits, loans, investment banking, GoI bonds and other small savings instruments.

IIFL Finance Share Price

448.45 -6.90 (-1.52%)
13-Apr-2026 16:59 View Price Chart
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