Stock viewBusiness Standard
Strong asset growth, moderate valuations bode well for IIFL Finance stock
Positive+3
GreyOak summary
IIFL Finance announced a capital infusion of ₹6,414 crore from strategic investors Blackstone and Anchorage. Blackstone subscribed to ₹5,000 crore in compulsorily convertible preference shares. The stock price rose 6.3% following the announcement.
What it affects
- IIFL FinanceIIFLPositive +3
Stock gained 6.3% on capital infusion.Rolling sentiment Positive +42
Source
Read the original at Business StandardMore IIFL Finance news
- Fairfax likely to exit IIFL Finance for IDBI BankBusiness Standard · M&A ·
- 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 ·
- IIFL Finance to use 70% of capital raise for lendingBusiness Standard · Company update ·