IIFLCAPS

Feb 18 (Reuters) - IIFL Capital Services Ltd IIFS.NS:

• UNIT RECEIVES SEBI REGISTRATION AS INVESTMENT ADVISER

Source text: ID:nBSEcbpmpY

Further company coverage: IIFS.NS

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Feb 11 (Reuters) - IIFL Capital Services Ltd IIFS.NS:

• IIFL CAPITAL SERVICES DEC-QUARTER CONSOL NET PROFIT 1.97 BILLION RUPEES

• IIFL CAPITAL SERVICES LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.83 BILLION RUPEES

• IIFL CAPITAL SERVICES LTD - DIVIDEND 3 RUPEES PER SHARE

Source text: ID:nBSE1KDpDK

Further company coverage: IIFS.NS

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Jan 29 (Reuters) - IIFL Capital Services Ltd IIFS.NS:

• INCOME TAX DEPARTMENT INITIATES SEARCH AT IIFL CAPITAL OFFICES

• BUSINESS OPERATIONS CONTINUE NORMALLY

Source text: ID:nBSE4tlltY

Further company coverage: IIFS.NS

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NEW DELHI/MUMBAI, Jan 28 (Reuters) - India's income tax authorities are undertaking search operations at three IIFL group companies, IIFL Finance IIFL.NS, 360 One Wam ONEW.NS and IIFL Securities, two sources familiar with the development said on Tuesday.

It was not immediately clear what information was being sought by the tax officials as employees present in offices of the companies were not allowed to use phones, one of the sources said.

Shares of 360 One, down 7.6%, fell the most among IIFL group stocks, while IIFL Finance shares were down 3.5% and IIFL Capital Services IIFS.NS lost about 2.1% in mid-day trade.

IIFL group, the companies and the income tax department did not immediately respond to Reuters' request seeking comments.

(Reporting by Siddhi Nayak in Mumbai and Nikunj Ohri in New Delhi; Editing by Mrigank Dhaniwala)

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Dec 23 (Reuters) - IIFL Capital Services Ltd IIFS.NS:

• IIFL CAPITAL SERVICES - LIVLONG PROTECTION & WELLNESS SOLUTIONS OBTAINS CORPORATE AGENT LICENSE

• IIFL CAPITAL SERVICES - LICENSE ENABLES TO SOLICIT, PROCURE INSURANCE BUSINESS

Source text: ID:nBSEbZ5rrH

Further company coverage: IIFS.NS

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By Siddhi Nayak, Sarita Chaganti Singh and Nikunj Ohri

MUMBAI/NEW DELHI, Nov 28 (Reuters) - Indian lenders, including State Bank of India SBI.NS, are reviewing their exposure to Adani Group and examining whether they need to tighten their due diligence when offering new loans to them, after the U.S. accused Chairman Gautam Adani of bribery, eight bankers said.

Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have a relatively smaller exposure to the group, are also undertaking a similar exercise.

A review would not necessarily entail any change in the lenders' credit approach with regards to the group.

(Reporting by Sarita Chaganti Singh and Nikunj Ohri in New Delhi and Siddhi Nayak in Mumbai; Editing by Kim Coghill)

Oct 22 (Reuters) - IIFL Securities Ltd IIFS.NS:

• SEPT-QUARTER CONSOL NET PROFIT 2.05 BILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.45 BILLION RUPEES

Source text for Eikon: ID:nBSE359m5Q

Further company coverage: IIFS.NS

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Aug 1 (Reuters) - IIFL Securities Ltd IIFS.NS:

• SEBI HAS ISSUED AN ORDER

Source text for Eikon: ID:nNSE6cN1cL

Further company coverage: IIFS.NS

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BENGALURU, July 31 (Reuters) - Shares of Indian brokerages fell on Wednesday, a day after the markets regulator proposed several measures to curb trading in options.

The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins.

Shares of Angel One ANGO.NS, 5Paisa Capital PAIS.NS, SMC Global Securities SMCG.NS, Motilal Oswal MOFS.NS, Geojit Financial GEOJ.NS, Dolat Algotech DOLA.NS and IIFL Securities IIFS.NS fell between 1%-5%.

"Exchanges and retail focused brokers will be most impacted. Highest impact can come from reduction in the number of weekly option contracts," Jefferies said in a note.

"BSE can offset impact and even gain, if volumes spillover from discontinued products to those which are continued."

Shares of exchange operator BSE BSEL.NS rose 6%.

India has been flagging risks from speculative trading by retail investors, who have been funnelling savings into its booming options market. Last week, the government raised the tax derivative transactions.

In fiscal year 2024, over 9 million individuals and firms dabbled in index derivatives and incurred a loss of 516.89 billion rupees ($6.18 billion), as per a SEBI discussion paper.

Investec expects a 30% drop in number of derivative orders per client for Angel One and sees it raising prices to 25 rupees per order from 20 rupees.

Angel One has slipped more than 39% so far this year, the top loser among brokerages, while Dolat Algotech and Motilal Oswal MOFS.NS are the top gainers, up 117% and 113%, respectively.

India's largest discount brokerage, Zerodha, does not expect a large impact on trading volumes.

"The suggested changes, even with the securities transaction charge increase, won't really change options volumes," Nithin Kamath, CEO and co-founder of Zerodha, said on social media platform X.

($1 = 83.6980 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru; Editing by Mrigank Dhaniwala)

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By Jayshree P Upadhyay and Jaspreet Kalra

MUMBAI, July 19 (Reuters) - Indian airlines and some brokerages faced technical and operational disruptions on Friday amid a global IT outage, multiple traders and airlines said.

Several major oil and gas trading desks in London and Singapore were struggling to execute trades due to a cyber outage, six industry sources told Reuters. LSEG Group's LSEG.L Workspace news and data platform also suffered an outage, affecting user access worldwide.

"We are currently experiencing technical challenges with our service provider, affecting online services including booking, check-in, and manage booking functionalities," SpiceJet SPJT.BO said on social media platform X.

Indigo, Akasa Air, Vistara, Air India and Air India Express also posted messages on X saying they were facing issues.

New Delhi airport said it too faced some IT issues and some services were temporarily affected.

Among the brokerages in India, Nuvama Wealth Management NUVA.NS, Edelweiss Mutual Fund, Motilal Oswal, IIFL Securities IIFS.NS, 5Paisa Capital PAIS.NS and Angel Broking are facing technical difficulties, traders at the brokerages told Reuters.

None of the brokerages responded to emails seeking confirmation and comment.

India's interbank trading platforms were functioning, however, and banks said they were able to execute bonds and foreign exchange transactions without any issues.

A source at the country's central bank said they were aware of the global outage but their systems were functional.

Widespread outages affecting banks, telecom networks and media were reported in Australia, possibly linked to an issue at global cybersecurity firm Crowdstrike CRWD.O. Major U.S. airlines also issued ground stops citing communications issues.

Crowdstrike ran a recorded phone message on Friday saying it was aware of reports of crashes on Microsoft's MSFT.O Windows operating system relating to its Falcon sensor.

(Reporting by Jayshree P Upadhyay and Jaspreet Kalra; Writing by Swati Bhat; Editing by Tom Hogue)

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** Shares of IIFL Securities IIFS.NS rise as much 8.8% to 178.90 rupees, currently up 2.8%

** IIFS set to rise for the sixth consecutive session if trends hold

** Co's Q4 consol net profit more than doubles, revenue jumps 71%

** Trading vols 2.4x the 30-day avg in early trade

** Separately, co approves issue of secured or unsecured redeemable non-convertible debentures worth upto 10 bln rupees ($119.78 mln)

** Day's jump takes YTD gains to 15%

($1 = 83.4860 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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May 16 (Reuters) - IIFL Securities Ltd IIFS.NS:

• APPROVED ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES WORTH UP TO 10 BILLION RUPEES

• ISSUANCE OF SECURED OR UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES THROUGH PRIVATE PLACEMENT BASIS

• MARCH-QUARTER CONSOL NET PROFIT 1.8 BILLION RUPEES VERSUS PROFIT 863.4 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.86 BILLION RUPEES VERSUS 4.02 BILLION RUPEES

Source text for Eikon: ID:nBSE1czmJm

Further company coverage: IIFS.NS

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May 10 (Reuters) - IIFL Securities Ltd IIFS.NS:

• IIFL SECURITIES LTD - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSEbH7xyL

Further company coverage: IIFS.NS

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** Telco Vodafone Idea VODA.NS jumps 4.5% and telecom infra developer Indus Towers INUS.NS gains 6.4%

** IIFL Securities upgrades VODA to 'add' from 'reduce' and INUS to 'buy' from 'sell'

** Says VODA's $5.39 bln fund infusion should help narrow 4G coverage, capacity gap with peers; expects 15%-20% tariff hikes twice in next three years

** Says tariff hikes, user upgrade to 4G from 2G should drive VODA's ARPU to 241 rupees in FY27 from 145 rupees in Q3

** Says Indus to benefit from VODA's improved financial position, potential reinstatement of dividend from FY25

** Avg analyst rating on VODA is 'sell' and on INUS is 'hold' - LSEG

** VODA down ~17% YTD, while INUS has climbed ~75%

(Reporting by Rama Venkat in Bengaluru)

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** Shares of power generator NTPC NTPC.NS rise as much as 3.3% to a record 374.5 rupees

** Co's unit NTPC Green Energy shortlists IDBI Capital Markets and Securities, HDFC Bank HDBK.NS, IIFL Securities IIFS.NS and Nuvama Wealth Management NUVA.NS to manage its 100 bln rupees ($1.20 bln) IPO- report

** NTPC did not immediately respond to Reuters request for comment

** Stock among top gainers on Nifty 50 index .NSEI, which is down 0.3%; reverses course after falling for two straight sessions

** It is trading above its 200-day simple moving avg since July 6, volumes at 25.1 mln shares- 2.7x the 30-day avg

** Inlcuding session's gains, stock up ~18% YTD, peers Torrent Power TOPO.NS and Tata Power TTPW.NS up 71% and 33%, respectively

** Analysts avg rating on NTPC stock is "Buy", TOPO is rated "Sell", while TTPW is rated "Hold"- LSEG

($1 = 83.3660 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Feb 28 (Reuters) - IIFL Securities Ltd IIFS.NS:

• UNIT EXECUTED AGREEMENT TO SELL ALTERNATE INVESTMENT FUNDS BUSINESS TO IIFL SECURITIES ALTERNATE ASSET MANAGEMENT

• SALE THROUGH A BUSINESS TRANSFER AGREEMENT BY WAY OF SLUMP SALE

Further company coverage: IIFS.NS

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Jan 22 (Reuters) - 5Paisa Capital Ltd PAIS.NS:

• TO WITHDRAW SCHEME OF ARRANGEMENT BETWEEN CO, IIFL SECURITIES

• SCHEME OF ARRANGEMENT SOUGHT TO DEMERGE IIFL'S ONLINE RETAIL TRADING BUSINESS INTO CO

Source text for Eikon: ID:nNSE2sdS3G

Further company coverage: PAIS.NS

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** Shares of IIFL Securities IIFS.NS jump as much as 14% to a record 134.40 rupees apiece

** Securities Appellate Tribunal sets aside markets regulator SEBI order prohibiting the brokerage from onboarding new clients for two years

** Also reduces monetary penalty to 2 mln rupees from 10 mln rupees

** Trading volume is 4.63 mln shares as of 9:34 a.m. IST, 2.6 times the 30-day avg -LSEG data

** IIFS up 98% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of IIFL Securities IIFS.NS rise as much as 4.3% to 98.1 rupees, highest since April 26, 2022

** Stock on track for third consecutive session of gains, if trend holds

** Co reported on Tuesday its consolidated net profit rose 93.3% to 1.08 bln rupees ($12.98 million) for the quarter ended Sept. 30

** Says, consol rev from ops up ~60% Y/Y

** More than 1.7 mln shares change hands by 09:25 a.m. IST vs 1.6x 30-day avg of 1.1 mln shares

** Stock currently up 2.7%, bumping YTD gains to 49%

($1 = 83.2250 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 17 (Reuters) - IIFL Securities Ltd IIFS.NS:

• INDIA'S IIFL SECURITIES SEPT-QUARTER CONSOL NET PROFIT 1.08 BILLION RUPEES VERSUS 556.7 MILLION RUPEES

• IIFL SECURITIES SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.07 BILLION RUPEES VERSUS 3.17 BILLION RUPEES

Source text for Eikon: ID:nBSE6j5lN9

Further company coverage: IIFS.NS

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** Shares of India's InterGlobe Aviation INGL.NS, which operates IndiGo, down as much as 2.55% at 2,421.90 rupees

** Brokerage IIFL Securities says sharp widening in crude and jet fuel prices for the past two months "a big concern"

** There could be a double-digit pct increase in aviation turbine fuel costs on Sept 1 - IIFL note

** Possible that Q2 be a small loss for IndiGo vs earlier estimate of a small profit, note adds

** INGL had forecast a weak second qtr earlier this month owing to seasonal weakness

** Rating house "retains estimates for now" with TP 3,300 rupees

** Mean recommendation of 24 analysts is "buy", median TP is 3,000 rupees - Refinitiv IBES data

** YTD stock had risen 21%

(Reporting by Hritam Mukherjee in Bengaluru)

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NEW DELHI, Aug 26 (Reuters) - Medi Assist Healthcare Services has filed draft papers with the capital markets regulator Securities and Exchange Board of India for an initial public offering (IPO).

The move by Medi Assist, its second attempt at a public listing, comes as investors are increasingly bullish on the medical insurance sector with sales of products on the rise since the COVID-19 pandemic.

The company is offering to sell up to 28 million equity shares held by investors, including its founder Vikram Jit Singh Chhatwal and Bessemer Health Capital, in the open market, which will give some of its investors an exit.

The company, which does not plan to raise fresh funds through the IPO, said it will decide the price of shares for sale after consulting with banks, according to the draft papers filed with the market regulator on Saturday.

Axis Capital and IIFL Securities are among the book running lead managers for the IPO, which also comes as investors are increasingly getting bullish on India's hospital space.

Medi Assist is an intermediary between health insurers and individuals as well as healthcare providers.

(Reporting by Sethuraman N R in Bengaluru and Aditi Shah in New Delhi; Editing by Mike Harrison)

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July 24 (Reuters) - IIFL Securities Ltd IIFS.NS:

• INDIA'S IIFL SECURITIES JUNE-QUARTER CONSOL NET PROFIT 747.3 MILLION RUPEES VERSUS PROFIT 436.2 MILLION RUPEES

• IIFL SECURITIES JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 4.09 BILLION RUPEES VERSUS 2.92 BILLION RUPEES

Source text for Eikon: ID:nNSEb1rZPd

Further company coverage: IIFS.NS

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** Shares of J B Chemicals and Pharmaceuticals Ltd JBCH.NS up as much as 13.2% to record high of 2,773.95 rupees

** Stock on track to rise for third straight session

** Kotak Institutional Equities and IIFL Securities identify JBCH as one of the cos to lead India growth momentum in Q1FY24

** JBCH likely to continue outperforming industry growth in Q1 led by robust growth in chronic therapies; to post 10%-12% Y/Y organic growth in India business - IIFL Securities

** Despite short-term impact of delayed monsoons, domestic pharma market growth resilient; expect India formulations revenue to clock over 11% CAGR over FY23-26 - brokerages

** Over 737,000 shares change hands by 01:06 p.m. IST, 9.5x the 30-day moving avg

** 12 analysts have a "buy" or "strong buy" rating, two rate it "hold"; median PT is 2,387.50 rupees - Refinitiv data

** As of last close, stock up 26% this year

(Reporting by Kashish Tandon in Bengaluru)

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June 29 (Reuters) - IIFL Securities Ltd IIFS.NS:

• SECURITIES APPELLATE TRIBUNAL STAYED SEBI'S ORDER PROHIBITING CO FROM ONBOARDING NEW CLIENTS FOR TWO YEARS

Source text for Eikon: ID:nNSE3lgpG5

Further company coverage: IIFS.NS

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BENGALURU, June 20 (Reuters) - Shares of India's IIFL Securities IIFS.NS fell over 19% on Tuesday, a day after the country's markets regulator barred the company's stockbroking unit from taking on any new client for two years in a case related to alleged misuse of client funds in 2013-14.

(Reporting by Biplob Kumar Das in Bengaluru)

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BENGALURU, June 19 (Reuters) - India's market regulator on Monday banned IIFL Securities IIFS.NS from onboarding any new client for two years as a stockbroker in a case related to alleged misuse of client funds.

The case dates back to alleged violations of the rules of the Securities and Exchange Board of India in 2013-2014.

(Reporting by Sethuraman NR in Bengaluru; Editing by Dhanya Ann Thoppil)

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MILAN, May 31 (Reuters) - Italian pencils and creative tools maker F.I.L.A. FILA.MI said on Wednesday it was exploring options to support its Indian business.

The Italian group is looking at an initial public offering among the options for its unit Doms, with the aim of maintaining control over its strategies, a source close to the matter said on Wednesday.

Earlier this year, IFR reported that Indian stationery company DOMS Industries was working with ICICI Securities, IIFL Securities and JM Financial on a domestic IPO worth around $100 million, according to people with knowledge of the transaction.

The Italian group expects a mid-single digit organic revenue growth in 2023, led by India and Mexico and boosted by a recovery in North America.

(Reporting by Elisa Anzolin, editing Federico Maccioni)

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** BSE Ltd BSEL.NS rise 3.67% to a four-month high of 559.95 rupees

** Stock reclaims its 50-day simple moving avg after 166 sessions

** The stock exchange operator reports 24% rise in Q4 net profit, while revenue from operations rose 11%

** IIFL Securities ("buy", hikes PT to 600 rupees) estimates FY24 profit to rise 20% Y/Y on withdrawal of liquidity enhancement schemes and tariff hike in equity cash, listing fees

** Stock has now surged ~37% from its 52-wk low on March 28 and reclaimed its 100- and 200-day simple moving avg on the way

** Session's trading vol as of 10:18 a.m. IST is 1.6x the 30-day avg

** The avr rating of the 6 analysts tracking BSEL is "hold" and median TP is 575 rupees - Refinitiv data

** The relative strength index of BSEL is 74, suggesting the stock may be overbought

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

** Shares of IIFL Securities Ltd IIFS.NS rise as much as 12.1% to 61.70 rupees, their biggest pct-gain since July 7, 2021

** Financial services co late on Monday reported a 9.4% rise in March-qtr net profit to 863.4 mln rupees ($10.6 mln)

** Total rev from ops rose ~16% to 4.02 bln rupees, of which fees and commission income was 3.42 bln rupees

** Earnings were driven by the affluent broking and distribution businesses, said R. Venkataraman, chairman and MD of IIFL Securities

** Total broking revenue was 1.81 bln rupees

** More than 1.4 mln shares traded as of 9:42 a.m. IST, 5.2 times their 30-day moving avg

** IIFS down 7.8% YTD

($1 = 81.8750 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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