IPO & listingNDTV Profit
IIFL Finance shares jump 10% on Rs 6,414 crore raise
Positive+584 sources
GreyOak summary
IIFL Finance shares rallied over 10% after approving a Rs 6,414 crore primary capital raise led by Blackstone and promoters. The funds will increase the capital adequacy ratio to ~30%, with 70% allocated for growth and 30% for debt repayment.
What it affects
- IIFL FinanceIIFLPositive +58
Share price jumped over 10% on capital raise.Rolling sentiment Positive +42
Source
Read the original at NDTV ProfitMore IIFL Finance news
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