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.
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April 2024
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November 2023
February 2022
November 2021
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.
Global Risks Bode Well For Gold
Rise in income levels and economic uncertainties to aid consumption of yellow metal.
Fedbank Financial’s Anil Kothuri on IPO, gold loan, RBI regulation on NBFCs
The ₹1,092 crore IPO of Fedbank Financial Services will open for subscription on November 22.
Rise of gold loan auctions ominous! Household finances in deep distress
Gold loan companies are auctioning the pledged gold more and more, indicating dire financial conditions of households and small businesses, despite GDP growth.
India's economic rebound ineffective without 'inclusion'
India’s household assets are on the decline, inequality in both income and wealth is rising and nearly half of rural households are relying on low-paying manual labour for sustenance.
India’s growth prospects anything but bright
Prolonged cheap credit regime has led to a clear liquidity trap and irrational stock market boom, both of which are bad for the economy.
