Private shareholders acquired 71% stake in India Alternatives Investment Advisors Private Limited from IIFL Wealth Management Ltd. for INR 0.11 million on March 31, 2017. IIFL Wealth Management limited sold 7,099 equity shares and 4,046 preference shares of India Alternatives Investment Advisors Private Limited. Private shareholders completed the acquisition of 71% stake in India Alternatives Investment Advisors Private Limited from IIFL Wealth Management Ltd. on March 31, 2017.