IIFL Securities has entered into a Share Purchase Agreement (SPA) on 10 December 2021 for the sale of its entire stake (21.47%) in Giskard Datatech (Tendlyne), an associate of the Company, to IIFL Capital Enhance Fund (AIF Category II).
Upon completion of formalities under the SPA, Tendlyne will cease to be an associate of the Company.
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