Outcome of board meeting of IIFL Holdings

Held on 05 May 2016

IIFL Holdings announced that the Board of Directors of the Company at its meeting held on 05 May 2016, inter alia, has approved the following:

1. Appointed Kranti Sinha, independent Director as Chairman of Audit Committee in place of Nilesh Vikamsey who will continue as a member of the Committee. Further, Geeta Mathur, Independent Director, was also appointed as a member of the Audit Committee.

2. Approved enabling resolution for raising funds through issue of Non Convertible Debentures on a Private Placement basis, up to a limit of Rs.2000 crore, subject to the approval of the members at the ensuing AGM.

 

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