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As part of our ongoing commitment to ensuring the security of your online trading experience, we would like to inform you of our protocol for addressing any suspicious activities observed on your trading account
Should you notice any irregularities or suspect unauthorized access to your account, we kindly request that you take immediate action by following the steps outlined below:
Send an Email Please send an email to stoptrade@acml.in from your registered email ID. In the email, briefly outline the suspicious activity you have observed.
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Your security and peace of mind are of utmost importance to us, and we appreciate your cooperation in maintaining the integrity of your trading account.
The board of directors of IIFL Securities on Friday (20 November 2020) approved a proposal to buyback upto 1.66 crore shares (5.21% of the total number of fully paid-up equity shares) at a price not exceeding Rs 54 per share, aggregating upto Rs 90 crore.
The company will purchase a minimum of 83,33,333 equity shares and will utilise at least Rs 45 crore for the proposed buyback (minimum buyback size).
As on 30 September 2020, the promoter and promoter Group held 29.77% stake while the public shareholders held 70.23% in the company.
The scrip advanced 0.88% to Rs 45.65 on Friday. IIFL Securities on Tuesday (17 November 2020), announced that its board will consider share buyback on 20 November 2020. Following the announcement, shares of IIFL Securities jumped 7.91% in three sessions to end at Rs 45.65 on Friday, from its close of 42.30 on 17 November 2020.
IIFL Securities along with its subsidiaries offers advisory and broking services, financial products distribution, institutional research and investment banking services.
The company's consolidated net profit jumped 104.9% to Rs 50.92 crore on 18% increase in total income to Rs 218.22 crore in Q2 September 2020 over Q2 September 2019.
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