IIFL clarifies on promoter holding, says promoter group has no intent to make any public offer
Video description:
Nirmal Jain, Founder, and Chairman of IIFL speaks to ET Now about the new promoter holdings. The promoter holding IIFL finance managed to cross 25 percent. A notification with the exchanges said that SEBI rules say the compulsory open offer of a 25 percent stake has been crossed. Nirmal Jain then came out, changing his holding. He has bought an additional 0.12 percent stake in the company. Additional 4 lakh shares that have been acquired by Nirmal Jain along with other clarifications have made the market very excited. He also says that the promoter group has no intent to acquire more than 25 percent voting rights. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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