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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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