IIFL Capital Services Limited has informed the Exchange about General Updates Disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and DisclosureRequirements) Regulations, 2015
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The Board of IIFL Capital Services Limited has approved the transfer of its Portfolio Management Services (PMS) business to IIFL Capital Asset Management Limited, a wholly owned subsidiary, as a going concern on a slump sale basis. The PMS business is in an early/incubation stage and contributed only Rs. 0.27 crore (0.01%) to the company's consolidated turnover of Rs. 2,567.43 crore for FY25. The consideration will be a lump sum equal to the carrying value of net assets transferred. The transfer is subject to regulatory approvals and a Business Transfer Agreement (BTA) between the parties. There is no change to the shareholding pattern of either entity, and the transaction is not part of any scheme of arrangement.
This is an internal restructuring with negligible financial impact — the PMS business contributes only 0.01% of turnover. Shareholders should see no material change in the company's financials or ownership; the move is aimed at consolidating the PMS license under a dedicated subsidiary for operational and regulatory efficiency.