IIFL Finance Wins Board Approval for Rs 6,414.2 Crore Capital Raise
Shares rose as much as 10.7% to Rs 694.40 on Wednesday after the board approved the proposed fundraise, involving a Blackstone affiliate and the company’s promoters.
Shares of IIFL Finance surged as much as 10.7 per cent to Rs 694.40 on Wednesday, 11 November, after the company secured board approval for a Rs 6,414.2 crore capital raise, with investments from a Blackstone affiliate and its promoters.The proposed fund infusion, equivalent to around 24 per cent o…