IIFL Capital Services Ltd has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) regarding debt issues handled by its Merchant Banking division from April 2022 to April 2024.
SEBI conducted an inspection into IIFL Capital’s debt issue handling and found certain observations related to due diligence under the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Specifically, concerns were raised regarding:
- Disclosure of individual breakup of issue-related expenses.
- Timelines for payment of fees to each intermediary in Offer Documents.
Following IIFL Capital’s response to these findings, SEBI issued an administrative warning letter on March 7, 2025, which the company received on March 10, 2025.
IIFL Capital has shared that there is no monetary impact on the company’s operations, financials, or ongoing activities.
IIFL Capital Services shares opened at ₹204.00, reaching a high of ₹208.59 and a low of ₹198.00 in today’s trading. The stock has seen significant volatility, with a 52-week high of ₹448.95 and a low of ₹108.00.
