IIFL Capital Services Ltd confirmed that FIH Mauritius Investments Ltd has obtained regulatory clearance from the Competition Commission of India (CCI) for its proposed investment in the company. The approval was granted on September 22, 2026, marking a significant step forward in the transaction initially disclosed in May 2026.

This development follows an earlier stock exchange disclosure dated May 7, 2026, which outlined the proposed investment structure. The receipt of the CCI nod satisfies a key regulatory condition precedent for the deal to proceed.

Regulatory compliance and disclosure

In line with Regulation 46(2) of the SEBI Listing Regulations, IIFL Capital has hosted the relevant information regarding this update on its official website. The company formally notified both the BSE and the National Stock Exchange of India regarding the status of the regulatory approval.

The filing serves as a formal update to shareholders and market participants, confirming that the competition law review process for the foreign entity's entry into the capital markets firm is complete.

IIFL Capital Services board approved the strike-off of its wholly owned subsidiary IIFL Securities Services IFSC Limited and the transfer of India Infoline Foundation to IIFL Finance.

The decisions were taken at a board meeting held on September 11, 2026. The company disclosed that the IFSC entity had not commenced business operations since incorporation and contributed nil revenue to the consolidated group.

Key corporate decisions

The board cleared two structural changes under Regulation 30 of the SEBI Listing Regulations. The first involves the voluntary winding up or strike-off of the International Financial Services Centre entity. The second involves transferring the membership interest in the not-for-profit foundation to a group company.

Summary of board approvals

Transaction details

IIFL Securities Services IFSC Limited is a wholly owned subsidiary that has not undertaken any business activities. As of March 31, 2026, it reported nil income and a negative net worth of ₹ (2.09) lakh, representing 0% of the company's consolidated net worth. No binding agreement was entered into for this closure, which will proceed subject to regulatory approvals.

India Infoline Foundation is a Section 8 company limited by guarantee without share capital. It does not carry on commercial activities and is not consolidated in the financial statements. The transfer to IIFL Finance Limited is a related party transaction executed at arm's length. The consideration of ₹10,000 reflects the value attributed to the membership interest held by IIFL Capital Services.