Subsidiary12 May 2026, 05:41 pm
IIFL Capital Services Gets Nod for IFSC Subsidiary
AI Summary
IIFL Capital Services Ltd. announced that the Ministry of Corporate Affairs has approved the incorporation of its wholly-owned subsidiary, IIFL Capital (IFSC) Limited, in the International Financial Services Centre (IFSC), GIFT City, on May 11, 2026. The subsidiary aims to operate as a broker-dealer and distributor under IFSC Authority regulations, with an authorized capital of ₹10,00,00,000. The incorporation follows the receipt of a No Objection Certificate from SEBI.
Key Highlights
- IIFL Capital Services incorporates wholly-owned subsidiary 'IIFL Capital (IFSC) Limited'.
- Subsidiary located in IFSC, GIFT City, Gujarat, India.
- Authorized capital of the subsidiary is ₹10,00,00,000.
- IIFL Capital (IFSC) Limited will operate as a broker-dealer and distributor.
- Incorporation approved by the Ministry of Corporate Affairs on May 11, 2026.