IIFL Finance soars on getting nod to divest equity shares in NSE
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IIFL Finance is currently trading at Rs. 505.95, up by 38.05 points or 8.13% from its previous closing of Rs. 467.90 on the BSE.
The scrip opened at Rs. 467.90 and has touched a high and low of Rs. 508.20 and Rs. 466.65 respectively. So far 50427 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 683.97 on 16-Oct-2023 and a 52 week low of Rs. 304.25 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 508.20 and Rs. 464.95 respectively. The current market cap of the company is Rs. 19839.10 crore.
The promoters holding in the company stood at 24.78%, while Institutions and Non-Institutions held 37.73% and 37.48% respectively.
IIFL Finance has received approval from National Stock Exchange of India (NSE) to divest equity shares aggregating upto Rs 84.70 crore of NSE through secondary market.
Earlier, the company had raised Rs 500 crore through the allotment of 50,000 Non-Convertible Debentures (NCDs) namely Secured Redeemable Non-Convertible Debentures - Series D25 of Face Value of Rs 1,00,000 each, for cash at par, on Private Placement Basis.
IIFL Finance is an Indian diversified financial services company.
