IIFL Wealth Management

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The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

IIFL Wealth & Asset Management on Wednesday reported a 23 per cent growth in profit after tax (PAT) to Rs 173 crore for three months ended September 2022. The company had posted a PAT of Rs 140 crore in the same quarter of the last fiscal, IIFL Wealth & Asset Management said in a statement. The company's total revenue rose 12 per cent to Rs 405 crore in the second quarter of 2022-23, from Rs 362 crore in the same quarter of preceding fiscal. The company's board declared the third interim dividend of Rs 17 per share. "In the near term, we are cognizant of the global volatility which can provide both challenges as well as opportunities. We continue to look out for exciting new products and opportunity areas, while remaining relatively cautious in our approach," the company's MD and CEO Karan Bhagat said. He, further, said that people and technology remain the company's key investment themes. It would continue to add new talent and deep expertise to the organization.

More than 82% of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich in the list are below the age of 30, said the Hurun India study

Vohra stood at the 1,036th spot in the IIFL Wealth Hurun India Rich List 2022, with a net worth of Rs 1,000 crore

With a wealth of Rs 8,700 crore, Mahima Datla and family, promoter of Biological E Ltd is the richest woman in Andhra Pradesh and Telangana to feature in the IIFL Wealth Hurun India Rich List 2022. She is in the 10th position when it comes to overall list of both the states. Krishna Ella, chairman and managing drector of Bharat Biotech International Limited and his family for the first time figured in the list with Rs 4,700 crore wealth in 18th position. Gautam Adani and family stood first in the chart of all India with Rs 10,94,400 crore wealth followed by Mukesh Ambani & family with Rs 7,94,700 crore and Cyrus S Poonawalla and family (Serum Institute of India) with Rs 2,05,400 crore. Hurun Report India and IIFL Wealth unveiled the 2022 edition of 'IIFL Wealth Hurun India Rich List 2022' - a compilation of the richest individuals in India having a wealth of Rs 1,000 crore or more on Wednesday. Murali Divi and family promoters of Divi's Laboratories was on the top of th

The IIFL Wealth Hurun India Rich List 2022 showed that 100 start-up founders in India have a net worth of more than $10 billion

Canadian billionaire Prem Watsa's firm holds over 10% stake in two AMCs

The company was alleged to have violated stock brokers' regulation as well as PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations

Competition Commission of India on Tuesday approved the acquisition of the stake in IIFL Wealth Management (IIFLWM) by BC Asia Investments X Ltd. The proposed combination involves the acquisition of up to 24.98 per cent shareholding of IIFLWM by BC Asia Investments X Limited, a notice issued by the anti-trust regulator said. BC Asia Investments X Ltd is indirectly held by Bain Capital Investors LLC (Bain Private Equity), Bain Capital Credit Member LLC and Bain Capital Member II (together Bain Credit) and the Canadian Pension Plan Investment Board (CPPIB). In a tweet on Tuesday, Competition Commission of India (CCI) said it has approved the "acquisition of up to 24.98 per cent shareholding in IIFLWM by BC Asia". IIFL Wealth Management Ltd is a wealth management subsidiary of IIFL Holdings Ltd. Bain Private Equity is a private equity firm that invests in companies across many industries. As per a separate notice, the fair trade regulator has cleared the transaction involving the sa

IIFL Wealth Management Ltd. is recommending its clients allocate as much as 10% to the hybrid investments, co-founder and joint Chief Executive Officer Yatin Shah said

This took the total deal value to Rs 119.79 crore. However, buyers of the shares could not be ascertained immediately

General Atlantic and billionaire Prem Watsa's company will divest their holdings.

IIFL Wealth shares fell 1.2% on Monday, giving the company a market value of around $1.7 billion.

It was alleged that IIFL Wealth Management Ltd and IIFL Securities Ltd knowingly manipulated the reference price of Alkem Laboratories for a block deal

As of now, clearly bulls are having a firm grip on the market but as we have been mentioning since a week or so, they would find a bit difficult now going ahead

IIFL Wealth Management is heading towards a new all time high, as per charts

The beat on profitability was driven by a beat on net revenues owing to both annual recurring revenue and transactional/brokerage revenue, better operating efficiency, and a lower tax rate.

The equity markets rallied sharply after the unprecedented stimulus of the central bank earlier this year.