[13][14] In April 2020, IIFL Wealth completed the acquisition of 100% equity shares of L&T Capital Markets (LTCM), a wholly owned subsidiary of L&T Finance Holdings.
[6] IIFL Wealth Management acquired Ashburton India Equity Opportunities for an undisclosed amount in December 2017.
[17] IIFL Wealth Management acquired non banking finance company Chephis Capital Markets in February 2016.
[18] The company had bought a majority stake in India Alternatives Investment Advisors Pvt Ltd,[19] a PE advisory firm, in April 2014.
[21] The New York based PE firm, General Atlantic acquired 21.61 per cent stake in IIFL Wealth Management for ₹1,122.34 crore (US$130 million) in October 2015.