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| Exchange Received Time 22/11/2018 22:27:11 Exchange Disseminated Time 22/11/2018 22:27:17 Time Taken 00:00:06 | | With reference to our earlier intimation dated October 16, 2018, the Company would like to further intimate that IIFL Wealth Management Limited ('IIFLW'), subsidiary of the Company, has acquired 5,34,33,822 equity shares constituting 100% paid up share capital of Wealth Advisors India Private Limited ('WAI') at the total consideration of INR 253,02,37,000/-. Upon the said acquisition, WAI has become a wholly owned subsidiary of IIFLW and its employees have become part of IIFLW with agreed employment benefits. |
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