IBL Finance Limited — Board Meeting, 09-12-2024: Outcome of Board Meeting

The Board of Directors of IBL Finance Limited has approved the incorporation of a wholly owned subsidiary named “IBL Support Services Private Limited,” aimed at offering consultancy, BPO, and KPO services. This subsidiary will enhance operational support through an on-boarding strategy that employs trained staff at various organizational levels. Additionally, the Board has sanctioned the opening of a new branch office in New Delhi. The initial authorized capital for the subsidiary is ₹2.5 crore, with shares priced at ₹10 each.