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IIFL Wealth Management: Announcement under Regulation 30 (LODR)-Acquisition


Further to our letter dated August 28 2019 on the captioned subject we would like to inform the stock exchange(s) that IIFL Wealth Finance Limited has completed the acquisition of 100% of the paid- up share capital of L&T Capital Markets Limited (LTCM) on a fully diluted basis from L&T Finance Holdings Limited on 24 April 2020. Accordingly with effect from 24 April 2020 LTCM has become a wholly owned subsidiary of the Company.

following are also enclosed:

i. a copy of the press release issued by the Company (Annexure I):
ii. details of the acquisition pursuant to SEBI (Listing Obligations and Disclosure Requirements) 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 (Annexure II)

We request you to kindly take this intimation on record.

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