IIFL Finance Fundraising: The NBFC IIFL Finance Limited has informed the bourses that the company’s Board of Directors is scheduled to meet on Wednesday, April 17, 2024, to consider, inter alia, various matters in connection with the rights issue. Earlier, in March 2024, IIFL Finance, in an exchange filing, said that the company’s board had approved the issue of fully paid-up equity shares of the company with a face value of Rs 2 each for an amount not exceeding Rs 1,500 crores.
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“This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 17, 2024, to consider, inter alia, various matters in connection with the Rights Issue including the specific terms of the Rights Issue, such as the determination of the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue,” said IIFL Finance in the regulatory filing on the BSE.
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IIFL Finance Share Price on Friday
Shares of IIFL Finance opened with gains of Rs 435.70 on the BSE on Friday. The stock was quoted at the intra-day high of Rs 445.75, while the intra-day low was seen at Rs 416.95. IIFL Finance stock settled at Rs 419.70, down 3.66 per cent from its previous close of Rs 435.65 on the BSE on Friday.
IIFL Finance Share Price History
IIFL Securities commands a market cap of Rs 16,013.59 crore on the BSE. The company is a constituent of the S&P BSE 500 index. According to BSE analytics, the company’s stock has advanced 4.69 per cent in the last week, 23.46 percent in the last two weeks, and 5.54 per cent in the last month, while it fell 35.17 per cent in the last three months, 34.25 per cent in the last six months and 8.38 per cent in the last year.
IIFL Securities stock, however, has offered a return of 23.55 per cent in the last two years, 59.04 per cent in the last three years, 11.98 per cent in the last five years and a whopping 1,110.21 per cent in the last ten years to its investors, as per the BSE data.
Shares of IIFL Securities were quoted at a 52-week high of Rs 704.20 on the BSE on October 16, 2023, while they were seen at a 52-week low of Rs 313.25 on March 27, 2024.
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About IIFL Finance
IIFL Finance Limited is one of India’s leading retail non-banking financial company, engaged in gold loans, business loans, personal loans & financial advisory services with over 85 lac customers and operates in 4000 locations.
The financial services company has three subsidiaries – IIFL Home Finance Limited, IIFL Samasta Finance Limited (Formerly known as Samasta Microfinance Limited) and IIFL Open Fintech Private Limited. All three combined, provide a diverse range of loans and mortgages. These include home loans, gold loans, business loans including loans against property and medium & small enterprise financing, micro finance, developer & construction finance and capital market finance; catering to both retail and corporate clients.
