|
| Exchange Received Time 31/03/2017 20:02:07 Exchange Disseminated Time 31/03/2017 20:02:12 Time Taken 00:00:05 | | 1.India Infoline Finance Limited(IIFL), the NBFC Subsidiary, made following additional investments during March 2017:a.Infused an additional equity capital of Rs.160 Cr. in its 100% housing finance Subsidiary i.e. India Infoline Housing Finance Limited;b.Infused additional equity capital of Rs. 50 Cr. in Samasta Microfinance Limited. With the above, IIFL Finance's shareholding in Samasta, a Subsidiary, stands increased to 95.23%. 2.IIFL Wealth Management Ltd a subsidiary of the Company transferred its shareholding (71%) in India Alternatives Investment Advisors Private Limited to its Private shareholders. IIFLW would continue to distribute India Alt's AIF products to its Clients. 3.The following Independent Directors of the Company have been appointed as Independent Director on the Material Subsidiaries:a.Mr. Nilesh Vikamsey on the Board of IIFL, the NBFC Subsidiary of the Company;Dr. S. Narayan on the Board of IIFL Wealth Finance Limited, a step down subsidiary of the Company. |
|
|