 "Nirmal Jain, Chairman and CEO, IIFL Finance")
IIFL Finance stock hit upper limit on Thursday after a regulatory filing showed the promoter holding in the company had breached the 25 per cent threshold following an open market purchase by chairman and chief executive officer (CEO) Nirmal Jain.
Confusion reigned as the company in a stock exchange filing said, “This is to clarify that the promoter group's voting rights in the company has not exceeded 25 per cent and promoter group has no intent to acquire more than 25 per cent voting rights in the company or make any public offer.”
However, a filing on June 24 by
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