IIFL Securities hit an lower circuit limit of 5% at Rs 39.60 on the BSE after listing on bourses today, 20 September 2019.
Shares of IIFL Securities, the demerged entity of IIFL Finance (formerly known as IIFL Holdings), opened at Rs 41.65 per share, which is also its intraday high. The counter clocked volume of 2284 shares.In March 2019, the National Company Law Tribunal (NCLT) approved the demerger of the IIFL Group. As per demerger scheme, the owner of seven shares of IIFL Holdings were eligible to receive seven shares of IIFL Finance, seven shares of IIFL Securities and one share of IIFL Wealth once the spin-off companies got listed.
IIFL Securities is a leading broking house offering equity, commodities, currency broking in retail and institutional segment.
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