IIFL Finance shines on planning to raise funds
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IIFL Finance is currently trading at Rs. 678.65, up by 46.65 points or 7.38% from its previous closing of Rs. 632.00 on the BSE.
The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 704.20 and Rs. 635.20 respectively. So far 168665 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. 340.85 on 17-Oct-2022.
Last one week high and low of the scrip stood at Rs. 704.20 and Rs. 615.85 respectively. The current market cap of the company is Rs. 25879.09 crore.
The promoters holding in the company stood at 24.84%, while Institutions and Non-Institutions held 34.18% and 40.98% respectively.
IIFL Finance is planning to raise funds by issuance of equity shares / depository receipts / convertible bonds / debentures / warrants / preference shares / any other equity linked securities ('Securities') through permissible modes including by way of a private placement, including through a preferential issue or qualified institutions placement of Securities or any other method or mode as may be permitted under applicable laws, subject to such regulatory/ statutory approvals as may be required. The Board of Directors of the company at its meeting scheduled to be held on October 18, 2023 will consider and approve the same.
IIFL Finance is an Indian diversified financial services company.
