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IIFL Securities' Board Approves Formation Of Dedicated Subsidiary For Healthcare, Insurance

The company's filing to the Bombay Stock informs that the company would be carrying out the spin-off via its existing wholly-owned subsidiary, Livlong Protection and Wellness Solution, previously known as IIFL Corporate Services.

IIFL Securities' Board Approves Formation Of Dedicated Subsidiary For Healthcare, Insurance
IIFL Securities' Board Approves Formation Of Dedicated Subsidiary For Healthcare, Insurance
outlookindia.com
2021-10-21T16:31:49+05:30

IIFL Securities' board approved the formation of a dedicated subsidiary that will cater solely to healthcare and insurance needs. The company's filing to the Bombay Stock informs that the company would be carrying out the spin-off via its existing wholly-owned subsidiary, Livlong Protection and Wellness Solution, previously known as IIFL Corporate Services. 

The subsidiary would commence operation in FY 2021-22, the company informed. 

"The Company vide letter dated July 22, 2021, had intimated that the Board of Directors had approved the formation of a subsidiary which will focus on solving healthcare and insurance needs of our customers by leveraging technologies," the company stated in the filing. 

 

https://www.bseindia.com/xml-data/corpfiling/AttachLive/d2a2f765-ccad-4a94-80cf-439e8051ed2d.pdf

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