Others

Iifl Holdings Limited - IIFL Wealth Clarification About Baseless Rumours.

| Updated on February 06, 2019

It has been brought to our notice that a few rumours regarding IIFL Wealth Management Limited (IIFLW), a subsidiary of the Company, have been circulated on social media by anonymous people. We would like to clarify as under:
1. 11FL Wealth Management Limited (IIFLW) has not received any notice of any sort from any
regulator anywhere in the world.

2. IIFLW has always disclosed all material information including pending litigations in its various filings. One specific case being misrepresented in the rumours, is about a pending litigation in UK court. This has been disclosed by the IIFL Group and IIFLW in all their filings, including the recent Bonds issue prospectus of a group company. Please refer attachment

3. IIFLW conservatively and adequately provides for all contingent liabilities as per applicable
accounting standards

4. Mr. Amit Shah has resigned from the services of IIFW for personal reasons. His compensation
and ESOPs have been in line with his original employment contract.

Pdf Link: Iifl Holdings Limited - IIFL Wealth Clarification About Baseless Rumours.

Source : BSE - www.bseindia.com

Published on February 06, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor