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IIFL Wealth acquires Altiore Advisors

IIFL Holdings on Monday announced that its subsidiary IIFL Wealth Management (IIFLW) has acquired Bengaluru-based fintech company Altiore Advisors.

IIFLW entered into an agreement with Altiore and its shareholders to acquire 100 per cent of the paid share capital of Altiore at a consideration of Rs 9.2 crore. Following the deal, Altiore will become a wholly owned subsidiary of IIFLW and its employees will become part of IIFLW.

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Deal Street Asia