IIFL Holdings rallies on SEBI nod to be investment advisor

IIFL believes going forward, the advisory services platform poses promising opportunities for servicing large clients in the new regulatory framework.

Shares of IIFL Holdings surged nearly 5 per cent upper circuit on getting approval from SEBI to act as investment advisor.

"With this IIFL Holding would be offering a wide range of investment and financial advisory services to corporate and institutional clients," said R Venkataraman, Managing Director, IIFL Holdings.

IIFL Holdings believes going forward, the advisory services platform poses promising opportunities for servicing large clients in the new regulatory framework.

Source: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/iifl-h...
�