IIFL Finance soars on raising Rs 125 crore through NCDs

IIFL Finance is currently trading at Rs. 347.05, up by 6.65 points or 1.95% from its previous closing of Rs. 340.40 on the BSE.

The scrip opened at Rs. 340.35 and has touched a high and low of Rs. 348.45 and Rs. 340.00 respectively. So far 21933 shares were traded on the counter.

IIFL Finance 1
IIFL Finance 1

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 395.15 on 28-Apr-2022 and a 52 week low of Rs. 260.40 on 21-Sep-2021.

Last one week high and low of the scrip stood at Rs. 354.70 and Rs. 338.00 respectively. The current market cap of the company is Rs. 13080.13 crore.

The promoters holding in the company stood at 24.90%, while Institutions and Non-Institutions held 25.76% and 49.34% respectively.

IIFL Finance has raised Rs 125 crore through Non-Convertible Debentures (NCDs) namely Unsecured Subordinated Redeemable Non-Convertible Debentures-Series D18 and allotted 125 NCDs having face value of Rs 1 crore each on Private Placement Basis.

IIFL Finance is an Indian diversified financial services company.

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