The Board of Directors of IIFL Finance Limited at its meeting held on January 31, 2018, had approved the reorganization of the IIFL Group, which resulted into three listed entities – IIFL Finance, IIFL Wealth and IIFL Securities. The merger of India Infoline Finance Limited with IIFL Finance Limited became effective from March 30, 2020.
As the core businesses of IIFL Group have acquired a critical mass, the Company took the decision to reorganize the corporate structure and create independent entities focused on their niche verticals. This move is aimed at enabling each business to grow faster, attract the right talent and become more innovative and efficient. In addition, the shift from close-knit conglomerate to separate entities will ensure simpler regulatory compliance, enhanced value for stakeholders along with more synergistic benefits.