IIFL Securities Ltd to sell its stake in Livlong Protection and Wellness Solutions Ltd

IIFL Securities Limited ('the Company') has entered into a Share Purchase Agreement (SPA) on December 01, 2021 for the sale of its 5% stake in Livlong Protection and Wellness Solutions Ltd (earlier known as IIFL Corporate Services Ltd), a wholly owned subsidiary of the Company, to Mr. Gaurav Dubey.

Upon completion of formalities under the SPA, Livlong Protection and Wellness Solutions Ltd will be a subsidiary of the Company.

Shares of IIFL Securities Limited was last trading in BSE at Rs. 90.95 as compared to the previous close of Rs. 84.25. The total number of shares traded during the day was 80706 in over 1553 trades.

The stock hit an intraday high of Rs. 92.65 and intraday low of 85.40. The net turnover during the day was Rs. 7254402.00.

Source : Equity Bulls

Keywords

IIFLSecuritiesLimited INE489L01022 IIFLSEC SPA LivlongProtectionandWellnessSolutions StakeSale