IPO & listingCNBC-TV18
IIFL Finance targets ₹5,000 crore profit by FY29
Positive+43
GreyOak summary
IIFL Finance founder Nirmal Jain projects a net profit of ₹5,000 crore by FY29. The company plans a ₹6,400 crore fundraise, including a ₹5,000 crore investment from Blackstone, to support 25% annual loan book growth. Proceeds will fund fresh disbursements and repayments, aiming to lower borrowing costs and strengthen the balance sheet.
What it affects
- IIFL FinanceIIFLPositive +43
Rolling sentiment Positive +42
Source
Read the original at CNBC-TV18More IIFL Finance news
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