IIFL Finance shares surge 11% as RBI lifts curbs on gold loan biz
The RBI's decision will allow the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans, says the NBFC
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IIFL Finance plans ₹1,272 cr rights issue at 29% discount
The company will issue 4.23 crore rights shares at ₹300 per share, a 28.9% discount to the last closing price of ₹421.70 apiece on the BSE.
IIFL Finance, JM Financial shares tank up to 5% amid RBI probe
The RBI has floated two separate tenders for the appointment of auditors to audit the two companies.
IIFL Finance shares surge 10% after Fairfax commits $200 mn liquidity support
Fairfax India Holdings Corporation announced its commitment to provide liquidity support worth $200 million to the company, amidst the Reserve Bank of India's (RBI) ban on issuing gold loans.
IIFL Finance shares hit 20% lower circuit for 2nd day; Jefferies downgrades after RBI action
Jefferies has downgraded IIFL Finance to ‘Hold’ from ‘Buy’, while cutting its target price to ₹435 from ₹765 estimated earlier.
IIFL Finance hits 20% lower circuit after RBI order
The RBI has raised material supervisory concerns in IIFL Finance’s gold loan portfolio
RBI directs IIFL Finance to stop issuing gold loans 'immediately'
The RBI’s probe found certain material supervisory concerns in the company’s gold loan portfolio
IIFL MF launches India's first tax-saver index fund
Index ELSS will provide investors with the dual advantage of earning passive returns from equity as well as availing 80C benefits on investments up to Rs 1,50,000.
Sensex, Nifty to open in red; L&T, LIC Housing, Infosys, IIFL Finance, NTPC shares in focus
The Sensex and Nifty are set to fall in opening trade on Tuesday, in line with global equities and negative trends on SGX Nifty Futures.
IIFL Finance gets board’s nod to raise Rs 5,000 cr via bonds
IIFL Finance will issue secured redeemable non-convertible debentures (NCDs) worth ₹5,000 crore on a private placement basis
