Khaitan & Co advised IIFL Holdings Limited in relation to the proposed group restructuring through Composite Scheme of Arrangement. The Scheme, inter alia, provides for the following:

  • amalgamation of India Infoline Media & Research Services Limited with IIFL Holdings Limited
  • demerger of the Securities Business Undertaking of IIFL Holdings Limited into India Infoline Limited
  • demerger of the Wealth Business Undertaking of IIFL Holdings Limited into IIFL Wealth Management Limited
  • amalgamation of India Infoline Finance Limited with IIFL Holdings Limited
  • transfer of the Broking and Depository Participant Business Undertaking of IIFL Wealth Management Limited to its wholly owned subsidiary i.e., IIFL Distribution Services Limited, on a going-concern basis