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