The Board of IIFL Finance at its meeting held on 02 May 2022 has approved a joint venture with Open Financial Technologies for the purposes of offering neo-banking services to consumers and micro enterprises and retail customers including lending, investment, and wealth management services to certain target groups. The Company on 02 May 2022 also executed a Joint Venture Agreement with Open Financial Technologies. In this respect, the Board also approved the incorporation of a wholly owned subsidiary company in the name of IIFL Open Fintech.
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