Company updateBusiness Standard
IIFL Finance to use 70% of capital raise for lending
Positive+17
GreyOak summary
IIFL Finance plans to utilize 70% of its recently announced ₹6,414-crore capital raise to fund fresh lending. The company aims to strengthen its position in the secured lending market by focusing on gold loans and small business credit. This move is expected to bolster the balance sheet and lower borrowing costs.
What it affects
- IIFL FinanceIIFLPositive +17
Rolling sentiment Positive +42
Source
Read the original at Business StandardMore IIFL Finance news
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