Question
Which of the following companies' financials are
consolidated in the financials of IIFCL as per Annual report of FY23-24? A)Â Â Â Â IIFCL (UK) B)Â Â Â Â IIFCL Projects Ltd C)Â Â Â IIFCL Asset Management Company LtdSolution
The Individual Financial Statements of the following subsidiaries have been Consolidated in the consolidated Financial Statements of IIFCL:
- IIFCL (UK) – 100% subsidiary (invested USD 100mn)
- IIFCL Projects Ltd - 100% subsidiary (invested Rs.4.75 crore)
- IIFCL Asset Management Company Ltd - 100% subsidiary (invested Rs.12.5 crore)
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