IIFL Finance Limited (IIFL.BO)
| Previous Close | 520.60 |
| Open | 526.50 |
| Bid | 524.75 x 0 |
| Ask | 525.50 x 0 |
| Day's Range | 513.65 - 535.65 |
| 52 Week Range | 313.25 - 704.20 |
| Volume | |
| Avg. Volume | 233,077 |
| Market Cap | 222.594B |
| Beta (5Y Monthly) | 0.63 |
| PE Ratio (TTM) | 11.82 |
| EPS (TTM) | 44.41 |
| Earnings Date | Jul 25, 2024 - Jul 29, 2024 |
| Forward Dividend & Yield | 3.89 (0.75%) |
| Ex-Dividend Date | Jan 25, 2024 |
| 1y Target Est | N/A |
- Reuters
IIFL Finance's cenbank-directed audit starts after March gold loan ban
IIFL Finance said a special audit directed by the Reserve Bank of India (RBI) started on Tuesday, about one-and-a half month after the country's central bank barred the non-bank finance company from disbursing gold loans. In early March, the RBI ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing "material supervisory concerns" in its gold loan portfolio, raising liquidity concerns among its investors and lenders. Since the order, IIFL has lost nearly 30% in market value.
- Reuters
India's IIFL Finance to raise $152 million via share sale amid ban on gold loans
India's IIFL Finance will raise 12.72 billion rupees ($152 million) by selling shares, the non-bank lender said on Wednesday, aiming to shore up capital a month after the central bank barred it from offering gold loans. In mid-March, IIFL had said it would raise up to 15 billion rupees via a rights issue, which gives preferential treatment to existing shareholders, but had not finalised the amount. That plan came nine days after the Reserve Bank of India (RBI) ordered the company to stop sanctioning, disbursing and selling gold loans due to "material supervisory concerns" in its portfolio.
- Reuters
UPDATE 1-India's IIFL Finance to raise up to $242 mln via share, debenture issues
IIFL Finance said on Wednesday it would raise funds of up to 20 billion rupees ($241.5 million) as the non-bank lender looks to shore up capital after India's central bank barred it from offering gold loans. The company will raise 15 billion rupees through the issue of shares on a rights basis and five billion rupees through the issue of non-convertible debentures via a private placement, it said in an exchange filing. The Reserve Bank of India (RBI) earlier this month ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing "material supervisory concerns" in its gold loan portfolio, causing a meltdown in the lender's stock.
