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IIFL and Axis Securities win bids to acquire Karvy accounts Karvy Stock Broking LtdPremium 1 min read Share Via Read Full Story Brokerage firms IIFL Securities and Axis Securities will acquire the accounts of Karvy Stock Broking after winning the bids conducted by exchanges and depositories. While IIFL will get the demat accounts of Karvy with depositories NSDL and CDSL, Axis Securities will obtain the trading or broking accounts. TRENDING STORIESSee All 3 min read Premium 1 min read 1 min read Premium 2 min read . 07:33 AM IST “IIFL Securities Ltd has emerged as the successful bidder for demat accounts held by Karvy with NSDL and CDSL. The said transfer of demat accounts is subject to the remittance of the bid amount and submission of the necessary documents in relation thereto, IIFL said in a statement to the exchanges.

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