IIFL Finance trades jubilantly on the bourses
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IIFL Finance is currently trading at Rs. 360.90, up by 31.90 points or 9.70% from its previous closing of Rs. 329.00 on the BSE.
The scrip opened at Rs. 356.00 and has touched a high and low of Rs. 364.90 and Rs. 332.05 respectively. So far 8223967 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. 364.90 and Rs. 318.05 respectively. The current market cap of the company is Rs. 13497.85 crore.
The promoters holding in the company stood at 24.91%, while Institutions and Non-Institutions held 21.70% and 53.39% respectively.
IIFL Finance’s wholly owned subsidiary IIFL Home Finance has entered into definitive agreements for raising Rs 2,200 crore of primary capital for a 20% stake from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The deal completion is subject to regulatory approvals.
This would be one of the largest equity investments in the affordable housing finance segment in India by a financial investor. Backed by a technology backbone enabling 100% digital onboarding for home loans, robust credit appraisal and collection systems, IIFL Home Finance proposes to use the additional capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans.
IIFL Finance is an Indian diversified financial services company.
