The funds from IIFL will help India Infoline Ltd meet its business requirements. Photo: Prajakta Patil/Mint
New Delhi: Financial services firm IIFL Holdings Ltd on Wednesday said its board has decided to infuse Rs150 crore by way of additional equity capital into its broking subsidiary, India Infoline.
“The board at its meeting... decided to infuse Rs150 crore by way of additional equity capital into India Infoline Ltd, the broking subsidiary of the company, to meet its business requirements,” IIFL Holdings said in a BSE filing.
Stock of IIFL Holdings was up 2.25% at Rs625 on BSE.