IIFL Securities to acquire additional 6.25% stake in Giskard Datatech (Trendlyne)
Capital MarketIIFL Securities announced that the company further to its present investments in the shares of Giskard Datatech (Trendlyne), has agreed to acquire additional stake of Trendlyne i.e. 6.25% of the share capital on fully diluted basis from one of the existing investor in Trendlyne, pursuant to the terms of the Share Purchase Agreement.
Post-acquisition, IIFL Securities shall hold 20.55% of the share capital of Trendlyne on fully diluted basis. Pursuant to this Giskard Datatech shall become an Associate of the Company.
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