IIFL Holdings Limited - Announcement under Regulation 30 (LODR)-Acquisition

IIFL Holdings Ltd would like to intimate the stock exchanges that that its wealth management subsidiary i.e. IIFL Wealth Management Limited ("IIFLW") has entered into an agreement with Altiore Advisors Private Limited ("Altiore") and its shareholders on 22 September 2018 to acquire 100% of the paid share capital of Altiore, at a consideration of INR 9.2 Crore. Upon completion of terms and conditions inter alia stated under the agreement, Altiore will become a wholly owned subsidiary of IIFLW and its employees will become part of IIFLW, entitled to agreed employment benefits.