IIFL Capital Services gets SEBI nod for GIFT IFSC subsidiary

• IIFL Capital Services Ltd receives SEBI approval to establish a Wholly Owned Subsidiary (WOS) at GIFT IFSC.
• The new entity, IIFL Capital Services (IFSC) Ltd, will conduct financial services and capital market activities.
• This move expands IIFL's global financial services platform and strengthens its international market presence.
• The subsidiary aims to serve global investors, facilitate cross-border investments, and enhance access to international financial products.
• MD R Venkataraman stated it will provide a platform for global investors to access Indian opportunities and for Indian issuers to engage international capital.