IIFL Finance declines as British International Investment offloads 1.6 crore equity shares
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IIFL Finance is currently trading at Rs. 332.85, down by 21.05 points or 5.95% from its previous closing of Rs. 353.90 on the BSE.
The scrip opened at Rs. 342.90 and has touched a high and low of Rs. 347.40 and Rs. 331.80 respectively. So far 164734 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 395.15 on 28-Apr-2022 and a 52 week low of Rs. 234.05 on 29-Jun-2021.
Last one week high and low of the scrip stood at Rs. 372.00 and Rs. 318.05 respectively. The current market cap of the company is Rs. 12789.63 crore.
The promoters holding in the company stood at 24.91%, while Institutions and Non-Institutions held 21.70% and 53.39% respectively.
Investment Fund Mother Fund bought 44,74,548 equity shares in the company British International Investment PLC (formerly known as CDC Group PLC) has offloaded 1.6 crore equity shares of IIFL Finance via open market transactions on June 10. With this, its shareholding in the company stands reduced to 3.56 percent, down from 7.77 percent earlier.
On the other hand, as per bulk deals data, MAX Life Insurance Company has acquired 24.6 lakh equity shares in the company and Nomura India Investment Fund Mother Fund bought 44,74,548 equity shares at an average price of Rs 325.1 per share.
IIFL Finance is an Indian diversified financial services company.
