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| Exchange Received Time 16/10/2018 16:16:04 Exchange Disseminated Time 16/10/2018 16:16:07 Time Taken 00:00:03 | | Company would like to intimate the stock exchanges that its wealth management subsidiary i.e. IIFL Wealth Management Limited ("IIFLW") has entered into a share purchase agreement with Wealth Advisors India Private Limited ("WAI") and its shareholders on 16 October 2018 to acquire 100% of the paid share capital of WAI, at a consideration of INR 235,00,00,000/- (plus cash and cash equivalents of INR 18,58,74,000/- to be adjusted as on the closing date). Upon completion of the terms and conditions stated under the agreement, WAI will become a wholly owned subsidiary of IIFLW and its employees will become part of IIFLW, entitled to agreed employment benefits. |
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