About the companies

The Boards of Directors of IIFL Holdings and its subsidiary companies, at their respective meetings, held on January 31, 2018, have decided to reorganize the corporate structure. Over the last 23 years, IIFL has expanded into multiple financial services activities. Today, the group’s business comprises three distinct business lines:

  1. Loans and Mortgages;
  2. Wealth and Asset Management; and
  3. Capital Markets

The reorganization will result in three listed entities, one for each of the above businesses.

IIFL Holdings Ltd (IHL) was founded in 1995 and is a diversified financial services company. It provides financial services including investment banking, institutional equities, advisory services, financing, asset & wealth management, financial advisory, broking and financial product distribution by itself and through its various subsidiaries. IHL is listed on the BSE Limited and National Stock Exchange of India Limited.

India Infoline Media & Research Services Ltd (IIFL M&R) is a wholly-owned subsidiary )WoS) of IHL. IIMR generates revenue from media related corporate advisory services, advertising, other related streams such as lead generation for real estate sector clients, online distribution of media contents etc.

IIFL Wealth Management Ltd (IIFL Wealth) subsidiary of IHL, along with its subsidiaries provides a range of services such as wealth management, asset management, investment advisory and treasury solutions by itself and through its various subsidiaries. It also acts as a broker, depository participant and portfolio manager.

IIFL Securities Ltd (IIFL Securities), a WoS of IHL, is one of the leading players in the financial services sector offering equity and currency broking, depository participant, portfolio management, distribution of mutual funds, bonds and other saving products. It is a member of BSE, NSE and MSEI. It is also registered with NSDL and CDSL as a depository participant, providing a one-stop solution for clients trading in equities market. Last year, IIFL Securities raised equity funds by way of right issue for an amount Rs 150 crore.

India Infoline Finance Ltd (IIFL Finance) is a subsidiary of IHL, operates as a non-banking finance company. IIFL provides a wide range of products such as home loan, loan against property, commercial vehicle loan, gold loan, SME loan, healthcare finance and capital market finance to small and medium enterprises by itself and through its various subsidiaries.

IIFL Distribution Services Ltd (IIFL Distribution) is a WoS of IIFL Wealth. It is engaged in the business of distribution of mutual funds and in providing manpower services to its associate companies.

IIFL-Holdings-Corporate-Structure-Simplification-1

At present, three private equity players Fairfax, CDC Group and General Atlantic hold 35.3%, 15.3% and 21.6% in IIFL Holdings, IIFL Finance and IIFL Wealth respectively.

The Transaction

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