India's IIFL Securities down after 2 year ban on new stockbroking clients

IIFL Capital Services

20/06/2023 04:51

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)
 ((Biplobkumar.das@thomsonreuters.com; 9101861583;))