IIFL Finance surges on getting nod to raise up to Rs 600 crore through NCDs
IIFL Finance is currently trading at Rs. 492.90, up by 11.70 points or 2.43% from its previous closing of Rs. 481.20 on the BSE.
The scrip opened at Rs. 481.55 and has touched a high and low of Rs. 494.00 and Rs. 481.00 respectively. So far 69312 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 560.50 on 20-Sep-2024 and a 52 week low of Rs. 280.95 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 494.85 and Rs. 422.55 respectively. The current market cap of the company is Rs. 20917.97 crore.
The promoters holding in the company stood at 24.89%, while Institutions and Non-Institutions held 33.56% and 41.54% respectively.
IIFL Finance has received approval from Finance Committee of Board of Directors of the Company for the issuance of up to 600 unsecured, subordinated, listed, rated, redeemable, non-convertible debentures (NCDs) aggregating to up to Rs 600 crore on private placement basis.
The Finance Committee of Board of Directors of the Company, at their meeting held on June 10, 2025 has approved the terms and conditions of the issuance of NCDs.
IIFL Finance is an Indian diversified financial services company.
