IIFL Wealth Management Declares 3rd Interim Dividend For FY 2022-23, Also Fixed Record Date

The Board of Directors of IIFL Wealth Management Limited in its Board meeting held on 19 October 2022 has approved the Third Interim Dividend for the Financial Year 2022-2023 in the amount of Rs. 17 per Equity Share with a Face Value of Rs. 2. According to the regulatory filing, the Board of Directors has set the Record Date Monday, October 31, 2022.

The Board of Directors of the company in its regulatory filing has said, "Third interim dividend for the financial year 2022‐23 of Rs. 17/‐ (Rupees seventeen only) per equity share of the face value of Rs. 2/‐ (Rupees two only) each and has fixed record date as Monday, October 31, 2022, for this purpose. The said interim dividend will be paid/dispatched on or before Friday, November 18, 2022, subject to applicable taxes."

Thursday, 20 Oct'2022, the stock of the company closed at Rs 1,808.55 per share, down 4.55% from its previous close. The stock has given 2.65% positive return in the past 1 week. In 1 year, the stock has given 9.24% and in 5 years, it gave 50.37% positive returns. The stock was listed on the stock exchange in September 2019, since its listing it has given a 42.35% positive return on investments