IIFL Capital Services Limited has informed the Exchange about Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
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IIFL Capital Services Limited has informed stock exchanges that its wholly owned subsidiary, IIFL Capital Asset Management Limited, has received a Certificate of Registration from SEBI to offer Portfolio Management Services. The license (Certificate No. 0000271, Registration No. INP000009445), dated May 08, 2025, allows the subsidiary to provide Discretionary PMS, Non-Discretionary PMS, and Advisory services. The license is valid until suspended or cancelled by the regulator. This expands the subsidiary's service offerings within the asset management space.
This is a positive development as it broadens the subsidiary's ability to attract high-net-worth clients and generate fee-based income from portfolio management services, potentially supporting future revenue growth for the IIFL Capital group.