IIFL Finance gains as its arm invests Rs 50 crore in Eon Group`s township project
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IIFL Finance is currently trading at Rs. 499.75, up by 3.35 points or 0.67% from its previous closing of Rs. 496.40 on the BSE.
The scrip opened at Rs. 497.40 and has touched a high and low of Rs. 505.55 and Rs. 487.60 respectively. So far 34332 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 507.50 on 13-Dec-2022 and a 52 week low of Rs. 266.60 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 507.50 and Rs. 479.85 respectively. The current market cap of the company is Rs. 19035.31 crore.
The promoters holding in the company stood at 24.90%, while Institutions and Non-Institutions held 28.98% and 46.12% respectively.
IIFL Finance’s subsidiary -- IIFL Home Finance has invested Rs 50 crore in Eon Group's township project ‘Riverwood Park' located in Thane. The investment will be in Phase II of the 42-acre project. Sales bookings for over 60 per cent of the inventory have already been achieved and the final tower of Phase II is expected to be completed by December 2025.
IIFL Finance is an Indian diversified financial services company.
