IIFL Capital Services: SEBI Cancels Portfolio Manager Registration

IIFL Capital Services Ltd. announced that SEBI has accepted the company's application for surrender of its registration as a Portfolio Manager, effective May 20, 2026. This follows the transfer of the company's Portfolio Management Services (PMS) business to its wholly-owned subsidiary, IIFL Capital Asset Management Limited, via a slump sale. The certificate of registration bearing No. INP000002213 has been cancelled.