IIFL Holdings surges on Sebi nod for advisory services

The company has received Sebi registration to act as Investment Adviser

Shares of IIFL Holdings was locked in 5% upper circuit at Rs 135 after the company said it has received registration from capital market regulator Sebi to offer investment advisory services.

The announcement regarding Sebi registration to act as Investment Adviser was done after market hours on Tuesday.

"We are delighted to receive the registration from Sebi to act as Investment Adviser. With this, IIFL Holdings would be offering a wide range of investment and financial advisory services to corporate and institutional clients," said managing director, R Venkataraman.

The stock opened at Rs 131 and touched a high of Rs 135 on the BSE. Over 33,000 shares were traded so far on both the stock exchanges so far.