IIFL Holdings rallies on SEBI nod to be investment advisor

23 May, 2017, 04:15 IST | Mumbai, India

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-holdings-rallies-on-sebi-nod-to-be-investment-advisor/articleshow/40981244.cms
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