IIFL Holdings to inject Rs 150 cr into India Infoline

Financial services firm IIFL Holdings Ltd today said its board has decided to infuse Rs 150 crore by way of additional equity capital into its broking subsidiary, India Infoline.

"The board at its meeting... decided to infuse Rs 150 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 per cent at Rs 625 on the BSE.