Company updateCNBC-TV18
IIFL Finance may list housing finance after Blackstone deal
Positive+15
GreyOak summary
IIFL Finance founder Nirmal Jain stated the company may list its housing finance business separately after the Blackstone transaction. The firm secured board approval for a ₹6,414 crore fundraise led by Blackstone's ₹5,000 crore investment. Proceeds will fund fresh loans and repayments, nearly doubling Tier 1 capital adequacy.
What it affects
- IIFL FinanceIIFLPositive +15
Considering housing finance listing after Blackstone deal.Rolling sentiment Positive +42
Source
Read the original at CNBC-TV18More IIFL Finance news
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