IIFL Finance gains on raising $50 million through ECB route
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IIFL Finance is currently trading at Rs. 609.60, up by 2.95 points or 0.49% from its previous closing of Rs. 606.65 on the BSE.
The scrip opened at Rs. 617.25 and has touched a high and low of Rs. 617.25 and Rs. 608.55 respectively. So far 598 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 704.20 on 16-Oct-2023 and a 52 week low of Rs. 408.40 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 617.25 and Rs. 592.65 respectively. The current market cap of the company is Rs. 23132.86 crore.
The promoters holding in the company stood at 24.81%, while Institutions and Non-Institutions held 35.61% and 39.58 =% respectively.
IIFL Finance has raised JPY 7.5 billion ($50 million) through external commercial borrowing (ECB) route. This is an inaugural JPY denominated facility for the NBFC. The retail-focused NBFC has raised the funds from Mizuho Bank’s Singapore branch. The funds were raised at a fairly competitive pricing over TONAR (Tokyo Overnight Average Rate).
IIFL Finance is an Indian diversified financial services company.
