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IIFL Finance shares surge 11% on Rs 6,414cr capital infusion

Positive+1

GreyOak summary

IIFL Finance shares rose 11% after the NBFC approved a Rs 6,414 crore capital infusion via a preferential issue. Blackstone Private Equity will invest Rs 5,000 crore, while promoters contribute Rs 1,264 crore.

What it affects

  • IIFL FinanceIIFLPositive +1

    Share price surged 11% on capital infusion.Rolling sentiment Positive +42

Source

Read the original at Financial Express

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