IIFL Finance on Wednesday said its board has approved raising up to Rs 1,271.83 crore from a rights issue at a price of Rs 300 per share.
Last month, the IIFL board approved raising an amount not exceeding Rs 1,500 crore by way of issue of shares on a rights basis to existing eligible shareholders as on the record date.The NBFC has been barred by the Reserve Bank of India (RBI) from sanctioning or disbursing gold loans.
Equity shares approvedIn a regulatory filing on Wednesday, IIFL Finance said its board has approved 4,23,94,270 fully paid-up equity shares each for an amount aggregating up to Rs 1,271.83 crore (assuming full subscription with respect…
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Source: https://www.freepressjournal.in/amp/business/iifl-finance-to-raise-1272-crore-via-rights-issue