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IIFL Holdings gains on concluding divestment of its 76% stake in Sri Lankan subsidiaries

24 Mar 2014 Evaluate

IIFL Holdings is currently trading at Rs. 76.00, up by 0.20 points or 0.26% from its previous closing of Rs. 75.80 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 76.95 and Rs. 74.00 respectively. So far 4,194 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 77.35 on 22-Mar-2014 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. 77.35 and Rs. 71.90 respectively. The current market cap of the company is Rs. 2,251.00 crore.

The promoters holding in the company stood at 31.14% while Institutions and Non-Institutions held 42.88% and 25.97% respectively.

IIFL Holdings (IIFL) has completed the divestment of its 76% stake in its Sri Lankan subsidiary namely IIFL Securities Ceylon which is engaged in stock broking activities at Colombo Stock Exchange to its Sri Lankan JV partner Priyani Ratnagopal.

The company has also divested its holding 76% in its other Sri Lankan subsidiary namely IIFL Capital Ceylon to the JV partner Priyani Ratnagopal. IIFL Capital Ceylon is engaged in corporate advisory services in Sri Lanka.

The India Infoline (IIFL) group, comprising the holding company, India Infoline and its subsidiaries, is one of the leading players in the Indian financial services space. IIFL offers advice and execution platform for the entire range of financial services covering products ranging from Equities and derivatives, Commodities, Wealth management, Asset management, Insurance, Fixed deposits, Loans, Investment Banking, Gold bonds and other small savings instruments.

IIFL Finance Share Price

473.15 7.20 (1.55%)
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