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      Question

      Which of the following companies' financials are

      consolidated in the financials of IIFCL as per Annual report of FY23-24? A)     IIFCL (UK) B)     IIFCL Projects Ltd C)    IIFCL Asset Management Company Ltd
      A A, B and C Correct Answer Incorrect Answer
      B A and C Correct Answer Incorrect Answer
      C A and B Correct Answer Incorrect Answer
      D B and C Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      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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