Sebi Issues Warning to IIFL Capital for Regulatory Non-Compliance

The Securities and Exchange Board of India (Sebi) has issued an administrative warning to IIFL Capital for failing to comply with regulatory guidelines following an inspection of its merchant banking activities.

The Securities and Exchange Board of India (Sebi) has issued an administrative warning letter to IIFL Capital. The move comes after the regulator found the company in regulatory non-compliance.

IIFL Capital received the warning letter dated April 1, 2025, on the following day, as noted in a regulatory filing from the company.

The warning follows an inspection of IIFL Capital's merchant banking activities, which revealed discrepancies with certain regulatory guidelines and circulars, Sebi stated.

(With inputs from agencies.)