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IIFL WEALTH GROUP
Julius Baer names interim India country head as Papneja departsJulius Baer has appointed Kunal Sumaya as interim country head for India. He will replace Umang Papneja, who is leaving after four years. P...
Fairfax likely to buy 10% more in IIFL Capital via preferential allotmentFairfax Financial Holdings plans to boost its stake in IIFL Capital Services. The deal is valued at approximately ₹1,000 crore. This move w...
IIFL Securities to foray into wealth managementIIFL Securities' market capitalisation stood at ₹6,073 crore on Tuesday. In comparison, wealth management companies such as 360 One WAM, Nu...
5paisa Capital zooms 8% on acquiring IIFL's online broking business5paisa Capital, a discount broking unit belonging to Nirmal Jain-controlled IIFL Group, has decided to buy IIFL Securities' online retail b...
5paisa to buy IIFL Sec's online retail broking businessThe boards of IIFL Securities and 5paisa.com approved the merger on Tuesday. IIFL Securities shareholders will receive one share of ₹10 pai...
No impact of Sebi’s front-running ruling on AMC, wealth business: IIFL AMC“IIFL Asset Management Limited hereby clarifies that certain media reports on the Securities Exchange Board of India (SEBI)’s order dated J...
PE biggies, Kotak Bank sounded out for IIFL Wealth stake saleCanadian billionaire Prem Watsa's Fairfax Holdings and General Atlantic (GA) are looking to sell around 34.6 % stake that they hold togethe...
IIFL Wealth and Asset Management appoints Sanjay Wadhwa as chief financial officerSanjay brings over 24 years of experience across varied industries viz. Financial Services (Wealth Management, Asset Management, NBFC, Insu...
IIFL Asset Management appoints Manoj Shenoy as CEOIIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statem...
Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projectsReal estate sector is facing multi-year slowdown, especially in housing segment, and developers are cash-starved following liquidity crisis...
L&T Cap likely to sell Dubai Wealth businessThe wealth book is estimated to be about $200-250 million which may be valued between 2 and 5 percent of the book size.
IIFL Wealth jumps 5% over listing price of Rs 1,210The IIFL Group company became the first standalone wealth management firm to list in India.
IIFL Wealth to buy L&T Finance’s wealth management businessL&T Finance entered wealth management in 2012 by hiring the team of the Indian arm of Swiss private bank EFG.
IIFL Holdings jumps 8% on NCLT nod to demergerThe nod paves the way for listing of three entities — IIFL Finance, IIFL Wealth and IIFL Securities -- within 60 days.
IIFL Holdings demerger likely in Q1FY20The ongoing NCD issue of the group has already received subscription worth Rs 1,000 crore.
IIFL Group should not require any further dilution in near term: Nirmal Jain"We shall grow mutual fund business and evaluate opportunity for inorganic growth or strategic alliance."
IIFL holdings to be soon divided into threeOther businesses like broking, distribution and investment banking would be part of IIFL Securities.