IIFL Holdings’ arm acquires 100% stake in Wealth Advisors India

IIFL Holdings’ subsidiary– IIFL Wealth Management (IIFLW) has acquired 5,34,33,822 equity shares constituting 100% paid up share capital of Wealth Advisors India (WAI) at the total consideration of Rs 253.02 crore. Upon the said acquisition, WAI has become a wholly owned subsidiary of IIFLW and its employees have become part of IIFLW with agreed employment benefits.

IIFL Holdings is one of India’s leading, diversified financial services companies.