IIFL Capital Services Limited
Sunil Singhania, through Abakkus AIF, trimmed his stake in IIFL Capital Services Limited from 2.49% to 1.24%, selling 38,55,205 shares.
A diversified financial services firm providing stockbroking, investment banking, and wealth management solutions to retail and institutional clients across India. Established in 1996 as the broking arm of IIFL Group, the company offers equities trading, commodity and currency broking, financial products distribution, financial planning and advisory services. Its integrated business model spans multiple asset classes and customer segments, serving investors through digital platforms and traditional advisory channels nationwide.
The man who grew Reliance Mutual Fund's equity AUM from ₹200 Cr to nearly ₹80,000 Cr, one of the greatest fund management runs in Indian history. After leaving Reliance, Sunil Singhania launched Abakkus Asset Management (2018), which now manages ~₹36,700 Cr. Voted Best Fund Manager by Outlook Business (2016 & 2017). First Indian elected to the CFA Institute Board of Governors. His direct disclosed equity portfolio has consistently backed emerging industrials and financials before they became consensus.