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| Exchange Received Time 21/06/2018 21:18:20 Exchange Disseminated Time 21/06/2018 21:18:26 Time Taken 00:00:06 | We would like to inform you that in view of the proposed demerger of IIFL Holdings Limited into three independent listed entities namely IIFL Finance Limited, IIFL Wealth Management Limited and IIFL Securities Limited under the Composite Scheme of Arrangement, as announced on January 31, 2018 and is currently under the regulatory approval process, the group level Advisory Board of IIFL Group has been disbanded with effect from June 2018.
We would like to place on record our sincere appreciation and gratitude to the Members of the Advisory Board for their valuable contribution in the growth and development of IIFL Group during last 6 years and wish them all the best.
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