IIFL has notified the exchanges on AIF’s rule’s impact on IIFL.
@Sambhav_Modi has already shared this document above.
Quoting the same here,
“Further all other AIF Investments of the Company aggregating to Rs. 909.81 crs as on current date does not include any downstream investments to which it has a loan or investments exposure currently or in the preceding twelve months. Thus, such Investments in the fund shall have no impact with regard to requirement of additional provisioning or capital adequacy of the Company. These Investments are carried at fair value basis the NAV published periodically by the AIF”
Quoted only the 2nd point from “materiality” perspective.
Kindly go through the document and assess yourself.
Disclosures: Invested & Biased
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