General Announcement::Receipt of Approval ot the Competition Commission ot India

Issuer & Securities

Issuer/ Manager
IIFL FINANCE LIMITED
Securities
IIFL FINANCE US$400M5.875%N230420 - XS2113454115 - Y5BB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Aug-2022 20:25:55
Status
New
Announcement Sub Title
Receipt of Approval ot the Competition Commission ot India
Announcement Reference
SG220817OTHRK32L
Submitted By (Co./ Ind. Name)
IIFL Finance Limited/Sneha Patwardhan
Designation
Company Secretary
Effective Date and Time of the event
17/08/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is in reference to our earlier intimation dated June 09, 2022, informing you about the decision of the Board of Directors of IIFL Finance Limited ("Company") as well as IIFL Home Finance Limited ("Subsidiary Company"), a material subsidiary of the Company, approving the transaction involving investment by a wholly owned subsidiary of Abu Dhabi Investment Authority in the Subsidiary Company.

In this regard, we would like to inform you that the Competition Commission of India ("CCI"), vide its letter, intimated that the CCI at its meeting considered the proposed transaction and approved the same under Section 31(1) of the Competition Act, 2002, copy of which has been received by the Company on August 16, 2022.

Kindly take the above on record and oblige.

Attachments

SE_IntimationCCI.pdf
Total size =218K