IIFL Capital Services Limited — Important, 21-07-2025: General Updates
21-07-2025 | 07:15 pm
21-07-2025 | 07:15 pm
IIFL Capital Services announced the dissolution of its wholly-owned UK subsidiary, IIFL Wealth (UK) Limited, via voluntary strike-off. This subsidiary had no turnover for the last financial year. Its net worth was Rs. 1.65 Cr, representing a negligible 0.07% of the company's total net worth as of March 31, 2025. The dissolution generated proceeds of approximately Rs. 1.80 Cr (GBP 155,096.55). This move streamlines the company's structure with minimal financial impact given the subsidiary's small scale.
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