IPO & listingEconomic Times
IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
Positive+52
GreyOak summary
IIFL Finance shares rose 4.90% after announcing a Rs 6,414 crore primary capital infusion led by Blackstone. The funds will strengthen capital adequacy and support growth in the gold finance business. Promoters and Anchorage Capital are also participating in the deal.
What it affects
- IIFL FinanceIIFLPositive +52
Shares rallied 5%Rolling sentiment Positive +42
Source
Read the original at Economic TimesMore IIFL Finance news
- Fairfax likely to exit IIFL Finance for IDBI BankBusiness Standard · M&A ·
- Strong asset growth, moderate valuations bode well for IIFL Finance stockBusiness Standard · Stock view ·
- Blackstone deal gives runway for IIFL FinanceFinancial Express · Company update ·
- Fairfax to sell IIFL stake for IDBI Bank dealNDTV Profit · M&A ·
- IIFL Finance shares jump 10% on Rs 6,414 crore raiseNDTV Profit · IPO & listing ·