Announced Tue, 23 Jun · 17:38 IST
Subsidiary IITL Investment Advisors struck off and dissolved
Strategic Transactions View source PDF
IITL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.3%1-day move
₹140.00
prior close
₹134.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-1.3-0.7-1.4-9.3-3.8-2.5-8.8-5.0-1.4-7.9-3.4——
Up moveDown movePending
AI summary
IITL informs that the Ministry of Corporate Affairs has struck off and dissolved its wholly owned subsidiary, IITL Investment Advisors Private Limited, effective June 22, 2026. The subsidiary had earlier applied under the Companies (Removal of Names of Companies from the Register) Rules, 2016, and the MCA has approved the STK-2 application. The subsidiary now stands dissolved and removed from the Register of Companies.
Likely market impact
Likely minor impact; a non-operating subsidiary is being wound up, which may streamline the group structure with limited financial effect on shareholders.