IIFL Wealth Management has allotted 18,141 equity shares to the employees upon exercise of stock options under Employee Stock Options Schemes of the Company.

Upon allotment, the equity base of the Company stand increased from 8,71,86,716 to 8,72,04,857 equity shares of Rs. 2 each.

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Net loss of IIFL Wealth Management reported to Rs 2.96 crore in the quarter ended March 2020 as against net profit of Rs 83.53 crore during the previous quarter ended March 2019. Sales rose 18.50% to Rs 431.62 crore in the quarter ended March 2020 as against Rs 364.25 crore during the previous quarter ended March 2019.

For the full year,net profit declined 46.29% to Rs 201.16 crore in the year ended March 2020 as against Rs 374.55 crore during the previous year ended March 2019. Sales declined 3.10% to Rs 1503.08 crore in the year ended March 2020 as against Rs 1551.14 crore during the previous year ended March 2019.

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IIFL Wealth Management will hold a meeting of the Board of Directors of the Company on 11 June 2020.

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IIFL Wealth Management has allotted 4,711 equity shares to the employees upon exercise of stock options under Employee Stock Options Schemes of the Company.

Upon allotment, the equity base of the Company stand increased from 871,82,005 to 8,71,86,716 equity shares of Rs. 2 each.

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