IPO & listingCNBC-TV18
IIFL Finance board approves ₹6,414 crore fund raise
Positive+44
GreyOak summary
IIFL Finance's board approved a ₹6,414 crore fund raise through compulsorily convertible preference shares and warrants. Blackstone affiliate Ingot SG will invest ₹5,000 crore, while Anchorage Capital invests ₹150 crore. This infusion aims to raise the capital adequacy ratio from 17% to 30% to support secured lending growth.
What it affects
- IIFL FinanceIIFLPositive +44
Board approved ₹6,414 crore fund raise via CCPsRolling sentiment Positive +42
Source
Read the original at CNBC-TV18More IIFL Finance news
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