IIFL WM finalises L&T Capital Markets deal

27 April 2020 | 2 minutes read

IIFL Wealth Management has completed its 100% equity acquisition of L&T Capital Markets (LTCM), the wholly-owned subsidiary of fellow non-banking financial company L&T Finance Holdings, according to an announcement of 24 April. The deal was finalised for a cash consideration of Rs 230 crore (US$30.3 million) plus the available cash balance of LTCM. “As peers in the business, we’ve had…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]