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An update from IIFL Capital Services Ltd ( (IN:IIFLCAPS) ) is now available.
IIFL Capital Services Limited has announced the transfer of its Portfolio Management Services (PMS) business to its wholly-owned subsidiary, IIFL Capital Asset Management Limited, as a going concern on a slump sale basis. This strategic move, approved by the Board of Directors, is not expected to materially impact the company’s overall turnover or net worth, as the PMS business is in its incubation stage and currently contributes minimally to the company’s financials.
More about IIFL Capital Services Ltd
IIFL Capital Services Limited, formerly known as IIFL Securities Limited, operates in the financial services industry. The company primarily focuses on offering portfolio management services (PMS) and other financial solutions, with a market focus on asset management.
Average Trading Volume: 41,646
Technical Sentiment Signal: Strong Buy
Current Market Cap: 95.27B INR
For an in-depth examination of IIFLCAPS stock, go to TipRanks’ Overview page.