IIFL Holdings locked at 5% lower circuit post spin-off; hits Rs 200 on NSE

On the National Stock Exchange, the stock has frozen 5 per cent lower circuit at Rs 200, after opening at Rs 210.

Shares of IIFL Holdings hit the lower circuit of 5 per cent at Rs 188 on the BSE after the stock turned ex-spin off today. On the National Stock Exchange (NSE), the stock slipped to Rs 200 apiece, its lower circuit filter for the day after opening at Rs 210.

Till 12:54 pm, a combined 64,584 equity shares had changed hands and there were pending sell orders for 9,11,397 shares on the BSE and NSE.

The board of directors of the company, at their meeting held on January 31, 2018, had approved the reorganisation of IIFL Group, into three listed