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IIFL Finance Approves Rs 2,000 Crore Fundraise Plan

Current Chief of Staff Abhiram Bhattacharjee has been redesignated as Chief Operating Officer with effect from March 13.

Shubhayan Bhattacharya

IIFL Finance (NDTV Profit)

IIFL Finance Ltd. is planning to raise Rs 2,000 crore through a mix of equity and debt.

The board has approved plans to raise up to Rs 1,500 crore through a rights issue and Rs 500 through the issue of non-convertible debentures on a private placement basis, according to an exchange filing on Wednesday.

The record date for the rights issue to existing eligible shareholders will be fixed in due course, the company said.

Current Chief of Staff Abhiram Bhattacharjee has been redesignated as Chief Operating Officer with effect from March 13.

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Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
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