IIFL Group has secured regulatory approval from the Securities and Exchange Board of India (SEBI) to establish a subsidiary at GIFT International Financial Services Centre (IFSC), marking a strategic step in its global ambitions. The approval enables IIFL to expand its financial services footprint within India’s premier offshore financial hub, designed to attract international capital and cross-border transactions. Market participants view the move as a forward-looking play that aligns with India’s broader push to position GIFT IFSC as a competitive global financial center.