IIFL Finance surges on raising Rs 600 crore through NCDs
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IIFL Finance is currently trading at Rs. 437.40, up by 3.65 points or 0.84% from its previous closing of Rs. 433.75 on the BSE.
The scrip opened at Rs. 442.45 and has touched a high and low of Rs. 450.05 and Rs. 431.70 respectively. So far 70234 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 653.48 on 14-Dec-2023 and a 52 week low of Rs. 304.17 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 450.05 and Rs. 414.05 respectively. The current market cap of the company is Rs. 18540.21 crore.
The promoters holding in the company stood at 24.91%, while Institutions and Non-Institutions held 35.88% and 39.20% respectively.
IIFL Finance has raised Rs 600 crore through the allotment of 60,000 Non-Convertible Debentures (NCDs) namely secured, listed, rated, redeemable Non-Convertible Debentures – Series D27 of Face Value of Rs 1,00,000 each, for cash at par, on Private Placement Basis. The Finance Committee of the Board of Directors of the Company vide Resolution dated December 03, 2024 approved allotment of the same.
IIFL Finance is an Indian diversified financial services company.
