IIFL Finance Limited, through its wholly-owned subsidiary IIFL Fintech Private Limited (formerly IIFL Open Fintech Private Limited), has completed the acquisition of Xtracap Fintech India Private Limited. IIFL Finance disclosed this development to BSE Limited (Scrip Code: 532636) and the National Stock Exchange of India Limited (Symbol: IIFL) on June 12, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Following the completion of the acquisition, IIFL Fintech now holds 89.69% of the paid-up share capital of Xtracap Fintech India Private Limited. Xtracap is consequently classified as a step-down subsidiary of IIFL Finance, effective from the completion date. The acquisition was executed through IIFL Fintech, the wholly-owned subsidiary of IIFL Finance Limited.
IIFL Finance had initially informed the exchanges about the proposed acquisition on May 1, 2026. The June 12 intimation confirmed that all procedural steps necessary for completing the transaction have been finalized. The disclosure was signed by Samrat Sanyal, Company Secretary and Compliance Officer of IIFL Finance.
IIFL Fintech Private Limited, the acquiring entity, was formerly known as IIFL Open Fintech Private Limited. IIFL Finance also submitted copies of this intimation to India International Exchange (IFSC) Limited and NSE IFSC Limited for their records.
Xtracap Fintech India Private Limited will now operate as a step-down subsidiary within the IIFL Finance corporate structure. The acquisition gives IIFL Fintech a controlling stake of 89.69% in Xtracap.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.