Deals30 March 2026 at 09:13 am
India Finsec Ltd. to Hold EGM for IPO Approval of Subsidiary IFL Finance Ltd.
AI Summary
India Finsec Ltd. has called for an Extra-Ordinary General Meeting (EGM) on April 24, 2026, through Video Conferencing (VC)/ Other Audio Visual Means (OAVM). The purpose of the meeting is to consider and approve the Initial Public Offering (IPO) of its subsidiary, IFL Finance Limited (formerly known as IFL Housing Finance Limited). The EGM is being held in compliance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Notice of the EGM has been circulated electronically to all Members and is available on the Company’s website.
Key Highlights
- India Finsec Ltd. to hold EGM on April 24, 2026, for IPO approval of subsidiary IFL Finance Limited.
- The IPO will comprise an offer of fresh equity shares by the subsidiary and/or an Offer for Sale by existing shareholders.
- The equity shares of the subsidiary will be listed on BSE Limited and/or any other recognized stock exchange(s) in India.
- The EGM is being held in compliance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
- The Notice of the EGM has been circulated electronically to all Members and is available on the Company’s website.