IIFL Securities begins activation of 11 lakh frozen Karvy accounts

IIFL Securities has begun activation of 11 lakh frozen Karvy Stock Broking's demat accounts and the account holders can now trade or invest on its platform.

IIFL Securities won the official bid to acquire all demat accounts held by Karvy Stock Broking with National Securities Depository and Central Depository Services.

IIFL Securities operates as an investment management company. The Company offers insurance, loans, mutual funds, property solutions, and wealth management services.