IIFL Holdings has decided to appoint Geeta Mathur as an Independent Director following a board meeting on Thursday.
The company also declared an interim dividend of three rupees.
The stock closed at Rs.156.9 on Thursday, up 6.45%.
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New corporate governance norms require the appointment of at least one woman director to company boards.
The deadline for the same was extended from October 1, to April 1 earlier in the week.
