IIFL Capital Faces SEBI's Regulatory Warning

India Watchdog, the Securities and Exchange Board of India (SEBI) issued a warning against IIFL Capital Services for its due diligence in handling debt securities.

The company stated in an exchange filing that it received an administrative warning notice from SEBI on March 7.“The order was received on March 10, following an inspection of its merchant banking divisions debt issues between April 1, 2022, and April 30, 2024,” the company said in its filing.

IIFL Capital clarified that the SEBI warning has no impact on its business or financial performance.

About SEBI

The Securities and Exchange Board of India (SEBI) is the regulating authority for India's securities and commodity markets. The Securities and Exchange Board of India's fundamental functions include protecting the interests of investors in securities, promoting the development of, and regulating the securities market.

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