trending Market Intelligence /marketintelligence/en/news-insights/trending/Eqd3E1wd4RZyKxDZv0dkwQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

General Atlantic Singapore Fund acquires stake in wealth management unit

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


General Atlantic Singapore Fund acquires stake in wealth management unit

IIFL Holdings Ltd.said April 6 that General Atlantic Singapore Fund Pte. Ltd. completed its of 21.61% equity sharesin unit IIFL Wealth Management Ltd. on a fully diluted basis.

As part of the transaction, IIFL Wealth Management employeestransferred up to 795,519 equity shares in the company to General Atlantic at aprice of 586.70 Indian rupees per share, for a total consideration of up to 466.7million rupees.

As of April 7, US$1 wasequivalent to 66.66 Indian rupees.