IIFL 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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