IIFL
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India's IIFL Finance revives dollar-bond plan, to meet investors, sources say
By Dharamraj Dhutia
MUMBAI, May 5 (Reuters) - Indian gold loan financier IIFL Finance IIFL.NS has revived a dollar-bond fundraise plan, and will start meeting investors this week, two sources aware of the matter said on Tuesday.
The fundraise would help the non-bank lender diversify its sources of funding, as the lender aims to increase the share of external borrowings to 20% from around 13% currently.
IIFL Finance had shelved a planned overseas borrowing in March as the Iran war pushed up bond yields globally.
"The company is planning to raise as much as $750 million through three-year dollar bonds, and would meet potential investors through a non-deal roadshow," one of the sources said.
Rates have stabilised and the company wants to know the expectations of investors, the second source said. "If all goes well, they would immediately announce the issue."
The sources requested anonymity as the matter is still private. IIFL Finance did not immediately respond to a Reuters email seeking comment.
The firm, which also lends money for home purchases and gives out secured business loans, had assets of 490.27 billion rupees ($5.15 billion) as of December 31, with gold loans making up 89% and unsecured loans 8%.
($1 = 95.2800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
By Dharamraj Dhutia
MUMBAI, May 5 (Reuters) - Indian gold loan financier IIFL Finance IIFL.NS has revived a dollar-bond fundraise plan, and will start meeting investors this week, two sources aware of the matter said on Tuesday.
The fundraise would help the non-bank lender diversify its sources of funding, as the lender aims to increase the share of external borrowings to 20% from around 13% currently.
IIFL Finance had shelved a planned overseas borrowing in March as the Iran war pushed up bond yields globally.
"The company is planning to raise as much as $750 million through three-year dollar bonds, and would meet potential investors through a non-deal roadshow," one of the sources said.
Rates have stabilised and the company wants to know the expectations of investors, the second source said. "If all goes well, they would immediately announce the issue."
The sources requested anonymity as the matter is still private. IIFL Finance did not immediately respond to a Reuters email seeking comment.
The firm, which also lends money for home purchases and gives out secured business loans, had assets of 490.27 billion rupees ($5.15 billion) as of December 31, with gold loans making up 89% and unsecured loans 8%.
($1 = 95.2800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
IIFL Finance To Consider Fundraising Via Non-Convertible Securities In FY2026-27
April 23 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - TO CONSIDER FUNDRAISING VIA NON-CONVERTIBLE SECURITIES IN FY2026-27
Source text: ID:nBSE29TvCM
Further company coverage: IIFL.NS
April 23 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - TO CONSIDER FUNDRAISING VIA NON-CONVERTIBLE SECURITIES IN FY2026-27
Source text: ID:nBSE29TvCM
Further company coverage: IIFL.NS
IIFL Home Finance signs USD 300 million syndicated loan led by ADB
- IIFL Home Finance signed a USD 300 million syndicated external commercial borrowing loan with Asian Development Bank.
- Financing package includes USD 150 million from ADB.
- Parallel loans total USD 150 million from MUFG, Emirates Bank, Sampath Bank, Hatton National Bank.
- Proceeds earmarked for on-lending mortgages to low-income women borrowers in India.
- Company targets more than 25% of proceeds for green-certified affordable homes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIFL Home Finance Limited published the original content used to generate this news brief on April 16, 2026, and is solely responsible for the information contained therein.
- IIFL Home Finance signed a USD 300 million syndicated external commercial borrowing loan with Asian Development Bank.
- Financing package includes USD 150 million from ADB.
- Parallel loans total USD 150 million from MUFG, Emirates Bank, Sampath Bank, Hatton National Bank.
- Proceeds earmarked for on-lending mortgages to low-income women borrowers in India.
- Company targets more than 25% of proceeds for green-certified affordable homes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIFL Home Finance Limited published the original content used to generate this news brief on April 16, 2026, and is solely responsible for the information contained therein.
IIFL Finance Says Special Audit Directed By Tax Department Has Been Concluded
March 30 (Reuters) - IIFL Finance Ltd IIFL.NS:
SPECIAL AUDIT DIRECTED BY TAX DEPARTMENT HAS BEEN CONCLUDED
WORKING TOWARDS EXPEDITIOUS COMPLETION OF ONGOING BLOCK ASSESSMENT PROCEEDINGS
Source text: ID:nBSE4Ksrqj
Further company coverage: IIFL.NS
March 30 (Reuters) - IIFL Finance Ltd IIFL.NS:
SPECIAL AUDIT DIRECTED BY TAX DEPARTMENT HAS BEEN CONCLUDED
WORKING TOWARDS EXPEDITIOUS COMPLETION OF ONGOING BLOCK ASSESSMENT PROCEEDINGS
Source text: ID:nBSE4Ksrqj
Further company coverage: IIFL.NS
Ambani's Reliance Jio hires 17 banks for IPO, will raise no new funds, sources say
Reliance Jio IPO could be India's biggest ever
The stock offering will raise no new funds, sources say
As many as 17 marquee banks working on offering
Reliance plans to file for approval this month, sources say
Adds details on structure, background in paragraphs 6-7, 13-16
By Vibhuti Sharma, Jayshree P Upadhyay and Aditya Kalra
MUMBAI, March 18 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms has hired 17 banks to manage its Mumbai stock listing, which will see the company raise no new funds and allow exits for some shareholders, four sources familiar with the matter said.
The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shares to the public.
Reliance did not respond to Reuters queries.
"We don't need new money," said one of the sources, explaining the decision not to raise funds from the IPO.
Over the past six years, Jio has diversified into AI and raised funds from investors including KKR KKR.N, General Atlantic, Silver Lake and the Abu Dhabi Investment Authority.
The offer-for-sale route is increasingly becoming a lucrative exit route for global investors and how large IPOs are executed in India. Other recent IPOs via this route included the 2024 listing of Hyundai Motor HYUN.NS and LG Electronics India LGEL.NS in 2025.
In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.
LONG LIST OF INVESTMENT BANKS
The hiring of banks brings the parent of India's largest telecom operator Reliance Jio, with over 500 million users, closer to being possibly the country's largest IPO worth more than $4 billion.
Jio's roster of 17 advisors includes Wall Street giants Citigroup C.N and JPMorgan JPM.N, and Indian investment banks Axis Capital, ICICI Securities, IIFL IIFL.NS, and Kotak Mahindra Capital, said two of the sources, who added that the plan is to file for regulatory approval this month.
Other banks on the list include the securities arms of Goldman Sachs GS.N, Morgan Stanley MS.N and Bank of America BAC.N, they added.
Goldman Sachs and Bank of America declined to comment. The other investment banks did not respond to requests for comment.
The news on hiring of banks and prospectus filing timeline for Jio's listing come as the Mideast conflict has cast a cloud over global capital market deals, with a handful getting pulled.
Strong IPO momentum in India, however, seems intact with the largest exchange operator, the National Stock Exchange of India, saying last week it had hired 20 banks to manage its IPO.
It's not unusual for a large number of banks to vie for a mandate and get hired for large equity public offerings of private enterprises, as they compete for league table credit in a market where deals exceeding a billion dollars are rare.
In the country's largest-ever IPO mandate, 18 investment banks were involved in the public offering of shares by asset manager ICICI Prudential AMC in 2025, which saw a share sale of $1.2 billion.
(Reporting by Vibhuti Sharma and Jayshree P Upadhyay in Mumbai and Aditya Kalra in Delhi; Editing by Sumeet Chatterjee, Joe Bavier and Bernadette Baum)
Reliance Jio IPO could be India's biggest ever
The stock offering will raise no new funds, sources say
As many as 17 marquee banks working on offering
Reliance plans to file for approval this month, sources say
Adds details on structure, background in paragraphs 6-7, 13-16
By Vibhuti Sharma, Jayshree P Upadhyay and Aditya Kalra
MUMBAI, March 18 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms has hired 17 banks to manage its Mumbai stock listing, which will see the company raise no new funds and allow exits for some shareholders, four sources familiar with the matter said.
The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shares to the public.
Reliance did not respond to Reuters queries.
"We don't need new money," said one of the sources, explaining the decision not to raise funds from the IPO.
Over the past six years, Jio has diversified into AI and raised funds from investors including KKR KKR.N, General Atlantic, Silver Lake and the Abu Dhabi Investment Authority.
The offer-for-sale route is increasingly becoming a lucrative exit route for global investors and how large IPOs are executed in India. Other recent IPOs via this route included the 2024 listing of Hyundai Motor HYUN.NS and LG Electronics India LGEL.NS in 2025.
In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.
LONG LIST OF INVESTMENT BANKS
The hiring of banks brings the parent of India's largest telecom operator Reliance Jio, with over 500 million users, closer to being possibly the country's largest IPO worth more than $4 billion.
Jio's roster of 17 advisors includes Wall Street giants Citigroup C.N and JPMorgan JPM.N, and Indian investment banks Axis Capital, ICICI Securities, IIFL IIFL.NS, and Kotak Mahindra Capital, said two of the sources, who added that the plan is to file for regulatory approval this month.
Other banks on the list include the securities arms of Goldman Sachs GS.N, Morgan Stanley MS.N and Bank of America BAC.N, they added.
Goldman Sachs and Bank of America declined to comment. The other investment banks did not respond to requests for comment.
The news on hiring of banks and prospectus filing timeline for Jio's listing come as the Mideast conflict has cast a cloud over global capital market deals, with a handful getting pulled.
Strong IPO momentum in India, however, seems intact with the largest exchange operator, the National Stock Exchange of India, saying last week it had hired 20 banks to manage its IPO.
It's not unusual for a large number of banks to vie for a mandate and get hired for large equity public offerings of private enterprises, as they compete for league table credit in a market where deals exceeding a billion dollars are rare.
In the country's largest-ever IPO mandate, 18 investment banks were involved in the public offering of shares by asset manager ICICI Prudential AMC in 2025, which saw a share sale of $1.2 billion.
(Reporting by Vibhuti Sharma and Jayshree P Upadhyay in Mumbai and Aditya Kalra in Delhi; Editing by Sumeet Chatterjee, Joe Bavier and Bernadette Baum)
Central Bank Of India Enters Into Co-Lending Arrangement With IIFL Finance
March 12 (Reuters) - Central Bank of India Ltd CBI.NS:
CENTRAL BANK OF INDIA LTD - ENTERED INTO CO-LENDING ARRANGEMENT WITH IIFL FINANCE
Source text: ID:nNSE9s95lp
Further company coverage: CBI.NS
March 12 (Reuters) - Central Bank of India Ltd CBI.NS:
CENTRAL BANK OF INDIA LTD - ENTERED INTO CO-LENDING ARRANGEMENT WITH IIFL FINANCE
Source text: ID:nNSE9s95lp
Further company coverage: CBI.NS
India New Issue-India's IIFL Finance accepts bids for over 1-year bonds, bankers say
MUMBAI, March 9 (Reuters) - India's IIFL Finance IIFL.NS accepted bids worth 5 billion rupees ($54.20 million) for the sale of bonds maturing in one year and 15 days, three bankers said on Monday.
It will pay a coupon of 8.60% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IIFL Finance | 1 year 15 days | 8.60 | 5 | March 9 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 92.2460 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
MUMBAI, March 9 (Reuters) - India's IIFL Finance IIFL.NS accepted bids worth 5 billion rupees ($54.20 million) for the sale of bonds maturing in one year and 15 days, three bankers said on Monday.
It will pay a coupon of 8.60% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IIFL Finance | 1 year 15 days | 8.60 | 5 | March 9 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 92.2460 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
India's IIFL Finance lining up debut social dollar bond, ECB in March, sources say
By Gopika Gopakumar and Dharamraj Dhutia
MUMBAI, March 2 (Reuters) - Indian gold loan financier IIFL Finance IIFL.NS plans to raise as much as $750 million through a combination of debut dollar-denominated social bonds and an overseas loan in March, two banking sources and a company source aware of the matter said on Monday.
"The break-up of the quantum has not been finalised yet, but the total fundraise could be anywhere between $500 million and $750 million," a banker familiar with the matter said.
"The tenor of the bond as well as the loan would be between three years and five years."
The sources requested anonymity as they are not authorised to speak to media, while the company did not immediately respond to a Reuters email seeking comment sent on Monday.
In January, Nirmal Jain, managing director at IIFL Finance, had said the company plans to raise approximately 40-50 billion rupees ($438-$547 million) through external commercial borrowings over the next six months, potentially through multiple bilateral transactions.
"Our broader strategy is to gradually diversify our funding mix, with foreign currency borrowings including ECBs or dollar bonds forming around 20% of total borrowings over time, while retaining flexibility based on market opportunities," Jain told Reuters.
A social bond is a debenture with ring-fenced proceeds, meaning the funds raised must be used solely to finance or refinance projects that deliver clear, measurable social outcomes.
The company has already received the certification for issuing social bonds and is in talks with foreign lenders globally to go ahead with its plan before the end of this financial year, the banker said.
One of the use-of-proceeds for funds raised through the social bond will be lending to women entrepreneurs, the banker added.
IIFL Finance provides gold loans, home loans, affordable housing loans and secured business loans, among others. Its AUM stood at 490.27 billion rupees as on December 31, sharply higher than 275.08 billion rupees at the end of March 2025.
As on December, gold loans constituted 89% of AUM, followed by unsecured loans at 8%.
The fundraises help IIFL Finance will diversify its sources of funding, improve resilience and help drive business growth, Jain added in conversation with Reuters in January.
Currently, the company is also in the process of raising 20 billion rupees through its biggest ever rupee public issue.
($1 = 91.4300 Indian rupees)
(Reporting by Gopika Gopakumar and Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
By Gopika Gopakumar and Dharamraj Dhutia
MUMBAI, March 2 (Reuters) - Indian gold loan financier IIFL Finance IIFL.NS plans to raise as much as $750 million through a combination of debut dollar-denominated social bonds and an overseas loan in March, two banking sources and a company source aware of the matter said on Monday.
"The break-up of the quantum has not been finalised yet, but the total fundraise could be anywhere between $500 million and $750 million," a banker familiar with the matter said.
"The tenor of the bond as well as the loan would be between three years and five years."
The sources requested anonymity as they are not authorised to speak to media, while the company did not immediately respond to a Reuters email seeking comment sent on Monday.
In January, Nirmal Jain, managing director at IIFL Finance, had said the company plans to raise approximately 40-50 billion rupees ($438-$547 million) through external commercial borrowings over the next six months, potentially through multiple bilateral transactions.
"Our broader strategy is to gradually diversify our funding mix, with foreign currency borrowings including ECBs or dollar bonds forming around 20% of total borrowings over time, while retaining flexibility based on market opportunities," Jain told Reuters.
A social bond is a debenture with ring-fenced proceeds, meaning the funds raised must be used solely to finance or refinance projects that deliver clear, measurable social outcomes.
The company has already received the certification for issuing social bonds and is in talks with foreign lenders globally to go ahead with its plan before the end of this financial year, the banker said.
One of the use-of-proceeds for funds raised through the social bond will be lending to women entrepreneurs, the banker added.
IIFL Finance provides gold loans, home loans, affordable housing loans and secured business loans, among others. Its AUM stood at 490.27 billion rupees as on December 31, sharply higher than 275.08 billion rupees at the end of March 2025.
As on December, gold loans constituted 89% of AUM, followed by unsecured loans at 8%.
The fundraises help IIFL Finance will diversify its sources of funding, improve resilience and help drive business growth, Jain added in conversation with Reuters in January.
Currently, the company is also in the process of raising 20 billion rupees through its biggest ever rupee public issue.
($1 = 91.4300 Indian rupees)
(Reporting by Gopika Gopakumar and Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
IIFL Finance Approves Terms And Conditions Of Issuance Of Non-Convertible Debentures
Feb 24 (Reuters) - IIFL Finance Ltd IIFL.NS:
APPROVED TERMS AND CONDITIONS OF ISSUANCE OF NON-CONVERTIBLE DEBENTURES
ISSUE SIZE UP TO 10 BILLION RUPEES WITH GREEN SHOE OPTION
Source text: ID:nBSE9vtvds
Further company coverage: IIFL.NS
Feb 24 (Reuters) - IIFL Finance Ltd IIFL.NS:
APPROVED TERMS AND CONDITIONS OF ISSUANCE OF NON-CONVERTIBLE DEBENTURES
ISSUE SIZE UP TO 10 BILLION RUPEES WITH GREEN SHOE OPTION
Source text: ID:nBSE9vtvds
Further company coverage: IIFL.NS
India's IIFL Finance set to launch its largest public bond sale, sources say
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, Feb 11 (Reuters) - India's IIFL Finance (IIFL.NS) is set to launch its largest-ever public bond issue of 20 billion rupees ($220.60 million), its second such offering this financial year, a company official and two sources familiar with the matter told Reuters on Wednesday.
The Fairfax-backed non-banking finance company will issue bonds maturing in two years, three years and five years, with annual, monthly, and end-of-term interest payment options, according to the sources.
The company will pay an annual coupon of 8.70% on two-year bonds and 8.85% on three-year papers. It will pay 9.00% for the five-year debt.
Nirmal Jain, managing director at IIFL Finance, confirmed the details of the public bond issue and said the company aims to diversify its funding sources and expects demand for public bonds to rise.
These bonds have been assigned a rating of AA by Crisil Ratings and AA+ by Brickwork Ratings.
IIFL Capital Services, Nuvama Wealth Management and Trust Investment Advisors are the lead managers for the issue, which is likely to open for subscription next week, one of the sources said.
"The proceeds from the fundraise will be utilised for onward lending, refinancing of existing borrowings and general corporate purposes," they said.
The sources requested anonymity as they are not authorised to speak to the media.
In April 2025, the company had raised 5 billion rupees through a similar issue.
Public bonds have been picking up in India, with Indian companies raising around 71 billion rupees through public issue of bonds in the first nine months of this fiscal year, according to the Securities and Exchange Board of India.
($1 = 90.6630 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Janane Venkatraman)
((khushi.malhotra@thomsonreuters.com, dharamraj.dhutia@thomsonreuters.com))
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, Feb 11 (Reuters) - India's IIFL Finance (IIFL.NS) is set to launch its largest-ever public bond issue of 20 billion rupees ($220.60 million), its second such offering this financial year, a company official and two sources familiar with the matter told Reuters on Wednesday.
The Fairfax-backed non-banking finance company will issue bonds maturing in two years, three years and five years, with annual, monthly, and end-of-term interest payment options, according to the sources.
The company will pay an annual coupon of 8.70% on two-year bonds and 8.85% on three-year papers. It will pay 9.00% for the five-year debt.
Nirmal Jain, managing director at IIFL Finance, confirmed the details of the public bond issue and said the company aims to diversify its funding sources and expects demand for public bonds to rise.
These bonds have been assigned a rating of AA by Crisil Ratings and AA+ by Brickwork Ratings.
IIFL Capital Services, Nuvama Wealth Management and Trust Investment Advisors are the lead managers for the issue, which is likely to open for subscription next week, one of the sources said.
"The proceeds from the fundraise will be utilised for onward lending, refinancing of existing borrowings and general corporate purposes," they said.
The sources requested anonymity as they are not authorised to speak to the media.
In April 2025, the company had raised 5 billion rupees through a similar issue.
Public bonds have been picking up in India, with Indian companies raising around 71 billion rupees through public issue of bonds in the first nine months of this fiscal year, according to the Securities and Exchange Board of India.
($1 = 90.6630 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Janane Venkatraman)
((khushi.malhotra@thomsonreuters.com, dharamraj.dhutia@thomsonreuters.com))
IIFL Finance Dec-Quarter Consol Net PAT 4.64 Billion Rupees
Jan 22 (Reuters) - IIFL Finance Ltd IIFL.NS:
DEC-QUARTER CONSOL NET PAT 4.64 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 34.27 BILLION RUPEES
INTERIM DIVIDEND OF 4 RUPEES PER SHARE
GETS 3 TAX ORDERS IMPOSING COMBINED PENALTY OF 132.7 MLN RUPEES
Source text: [ID:]
Further company coverage: IIFL.NS
Jan 22 (Reuters) - IIFL Finance Ltd IIFL.NS:
DEC-QUARTER CONSOL NET PAT 4.64 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 34.27 BILLION RUPEES
INTERIM DIVIDEND OF 4 RUPEES PER SHARE
GETS 3 TAX ORDERS IMPOSING COMBINED PENALTY OF 132.7 MLN RUPEES
Source text: [ID:]
Further company coverage: IIFL.NS
IIFL Home Finance appoints Girish Kousgi as MD, CEO
BENGALURU, Oct 30 (Reuters) - India's IIFL Home Finance on Thursday appointed former PNB Housing PNBH.NS chief Girish Kousgi as managing director and chief executive officer.
(Reporting by Nishit Navin; Editing by Harikrishnan Nair)
BENGALURU, Oct 30 (Reuters) - India's IIFL Home Finance on Thursday appointed former PNB Housing PNBH.NS chief Girish Kousgi as managing director and chief executive officer.
(Reporting by Nishit Navin; Editing by Harikrishnan Nair)
India New Issue-IIFL Finance to issue multiple tenor bonds, bankers say
MUMBAI, June 20 (Reuters) - India's IIFL Finance IIFL.NS plans to raise 6 billion rupees ($69.30 million), including a greenshoe option of 4.50 billion rupees, through the sale of bonds maturing in seven years and 10 years, three bankers said on Friday.
The company has invited bids from bankers and investors on Monday, they said.
IIFL Finance did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on June 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IIFL Finance | 7 years | To be decided | 0.5+2.5 | June 23 | AA (Crisil) |
IIFL Finance | 10 years | To be decided | 1+2 | June 23 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.5860 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)
MUMBAI, June 20 (Reuters) - India's IIFL Finance IIFL.NS plans to raise 6 billion rupees ($69.30 million), including a greenshoe option of 4.50 billion rupees, through the sale of bonds maturing in seven years and 10 years, three bankers said on Friday.
The company has invited bids from bankers and investors on Monday, they said.
IIFL Finance did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on June 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IIFL Finance | 7 years | To be decided | 0.5+2.5 | June 23 | AA (Crisil) |
IIFL Finance | 10 years | To be decided | 1+2 | June 23 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.5860 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)
IIFL Finance Says B.P. Kanungo Joins Board Of IIFL Finance
June 16 (Reuters) - IIFL Finance Ltd IIFL.NS:
B.P. KANUNGO JOINS BOARD OF IIFL FINANCE
Source text: ID:nnAZN3ZJJCP
Further company coverage: IIFL.NS
June 16 (Reuters) - IIFL Finance Ltd IIFL.NS:
B.P. KANUNGO JOINS BOARD OF IIFL FINANCE
Source text: ID:nnAZN3ZJJCP
Further company coverage: IIFL.NS
Indian gold lenders rise after central bank eases rules for small-ticket gold loans
** Gold financiers Manappuram Finance MNFL.NS up 1.5%, Muthoot Finance MUTT.NS rises nearly 2.5% and IIFL Finance IIFL.NS gains 3.6%
** MUTT, MNFL extend record high levels, IIFL at highest level since Nov 6
** RBI on Friday relaxed norms for small-ticket loans
** Gold loan rules remove overhang of possible impact on loan growth on financiers as previously proposed draft had tighter norms - Jefferies
** Jefferies picks MUTT as top bet in gold lending space
** YTD - MNFL up 34%, MUTT gains 17.5% YTD, and IIFL rises 12% YTD
(Reporting by Sethuraman NR)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
** Gold financiers Manappuram Finance MNFL.NS up 1.5%, Muthoot Finance MUTT.NS rises nearly 2.5% and IIFL Finance IIFL.NS gains 3.6%
** MUTT, MNFL extend record high levels, IIFL at highest level since Nov 6
** RBI on Friday relaxed norms for small-ticket loans
** Gold loan rules remove overhang of possible impact on loan growth on financiers as previously proposed draft had tighter norms - Jefferies
** Jefferies picks MUTT as top bet in gold lending space
** YTD - MNFL up 34%, MUTT gains 17.5% YTD, and IIFL rises 12% YTD
(Reporting by Sethuraman NR)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
Indian gold lenders rise; RBI's loan-to-value hike to boost credit growth
** Shares of Indian gold financiers jump
** Manappuram Finance MNFL.NS up ~3%, while Muthoot Finance MUTT.NS and IIFL Finance IIFL.NS jump ~7% and ~5%, respectively
** Reserve Bank of India will finalise regulations on gold loans by early next week, chief Sanjay Malhotra says
** Adds aims to increase loan-to-value ratio to 85% from 75% currently for loans below 250,000 rupees ($2,916)
** Loan-to-value ratio compares the loan amount to the asset's value
** The proposal of a higher LTV is a big positive and will boost credit growth for gold lenders, especially Muthoot and Manappuram, says Elara Securities analyst Shweta Daptardar
** No credit appraisals required for loans up to 250,000 rupees also positive for these lenders with minimal disruption to existing operational systems, Daptardar adds
** On an avg, MUTT is rated "buy", MNFL "hold" and IIFL "strong buy" - data compiled by LSEG
** YTD MUTT up 14%, MNFL up 28% and IIFL 8% higher
($1 = 85.7180 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
** Shares of Indian gold financiers jump
** Manappuram Finance MNFL.NS up ~3%, while Muthoot Finance MUTT.NS and IIFL Finance IIFL.NS jump ~7% and ~5%, respectively
** Reserve Bank of India will finalise regulations on gold loans by early next week, chief Sanjay Malhotra says
** Adds aims to increase loan-to-value ratio to 85% from 75% currently for loans below 250,000 rupees ($2,916)
** Loan-to-value ratio compares the loan amount to the asset's value
** The proposal of a higher LTV is a big positive and will boost credit growth for gold lenders, especially Muthoot and Manappuram, says Elara Securities analyst Shweta Daptardar
** No credit appraisals required for loans up to 250,000 rupees also positive for these lenders with minimal disruption to existing operational systems, Daptardar adds
** On an avg, MUTT is rated "buy", MNFL "hold" and IIFL "strong buy" - data compiled by LSEG
** YTD MUTT up 14%, MNFL up 28% and IIFL 8% higher
($1 = 85.7180 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
Indian gold loan firms gain as finance ministry seeks easing of RBI proposals
** Indian gold loan financiers up between 2% to 8%
** Federal finance ministry seeks relaxation in the new rules on gold loans proposed by the central bank
** Muthoot Finance MUTT.NS up 7.59%, Manappuram Finance MNFL.NS up 3.1% and IIFL Finance up IIFL.NS up 2.16%
** Central bank, in April, proposed tighter rules for monitoring and disbursement of gold loans, often used by low income borrowers
** Finance Ministry proposes small ticket borrowers below 200,000 rupees ($2344.05) should be excluded from the tighter rules to ensure speedy disbursements
** Final rules by central bank yet to be issued as it seeks comments
** MUTT said in mid-May that the proposed central bank regulations could drive borrowers away from formal lenders to unregulated players
(Reporting by Ananta Agarwal in Bengaluru)
** Indian gold loan financiers up between 2% to 8%
** Federal finance ministry seeks relaxation in the new rules on gold loans proposed by the central bank
** Muthoot Finance MUTT.NS up 7.59%, Manappuram Finance MNFL.NS up 3.1% and IIFL Finance up IIFL.NS up 2.16%
** Central bank, in April, proposed tighter rules for monitoring and disbursement of gold loans, often used by low income borrowers
** Finance Ministry proposes small ticket borrowers below 200,000 rupees ($2344.05) should be excluded from the tighter rules to ensure speedy disbursements
** Final rules by central bank yet to be issued as it seeks comments
** MUTT said in mid-May that the proposed central bank regulations could drive borrowers away from formal lenders to unregulated players
(Reporting by Ananta Agarwal in Bengaluru)
IIFL Finance To Consider Issuance Of Non-Convertible Securities In FY 2025-26
May 2 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE SECURITIES IN FY 2025-26
Source text: ID:nBSE8nxQZc
Further company coverage: IIFL.NS
May 2 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE SECURITIES IN FY 2025-26
Source text: ID:nBSE8nxQZc
Further company coverage: IIFL.NS
Indian gold loan providers extend fall after RBI proposes stricter lending rules
** Gold loan providers Muthoot Finance MUTT.NS and IIFL Finance IIFL.NS extend losses from Wednesday, losing 6% and 1.2% respectively; markets shut on Thursday
** Manappuram Finance MNFL.NS inches up 0.2%
** India's central bank proposed stricter rules for gold loan providers on Wednesday, including cap of 75% on loan-to-value ratio, standardised procedure to assess gold purity, rules on collateral management
** Kotak Institutional Equities downgrades MUTT to 'ADD' from 'BUY', moderating growth and margin assumptions
** Says it expects overhang of regulatory changes to temper stock performance
** Macquarie says LTV rules could reduce effective LTV of product given buffers needed for gold price fluctuations, interest payments, while new rules on collateral management could hit potential demand
** Muthoot Finance fell 6.7%, IIFL Finance lose 2.5%, Manappuram Finance declined 1.8% on Wednesday after RBI proposal
** Broader market .NSEI climbs 1.6% on Friday on U.S. tariff reprieve .BO
(Reporting by Chris Thomas in Bengaluru)
** Gold loan providers Muthoot Finance MUTT.NS and IIFL Finance IIFL.NS extend losses from Wednesday, losing 6% and 1.2% respectively; markets shut on Thursday
** Manappuram Finance MNFL.NS inches up 0.2%
** India's central bank proposed stricter rules for gold loan providers on Wednesday, including cap of 75% on loan-to-value ratio, standardised procedure to assess gold purity, rules on collateral management
** Kotak Institutional Equities downgrades MUTT to 'ADD' from 'BUY', moderating growth and margin assumptions
** Says it expects overhang of regulatory changes to temper stock performance
** Macquarie says LTV rules could reduce effective LTV of product given buffers needed for gold price fluctuations, interest payments, while new rules on collateral management could hit potential demand
** Muthoot Finance fell 6.7%, IIFL Finance lose 2.5%, Manappuram Finance declined 1.8% on Wednesday after RBI proposal
** Broader market .NSEI climbs 1.6% on Friday on U.S. tariff reprieve .BO
(Reporting by Chris Thomas in Bengaluru)
IIFL Finance Says Co's NCD Issue Oversubscribed 4.75 Times, Plans Early Closure
April 10 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE - CO'S NCD ISSUE OVERSUBSCRIBED 4.75 TIMES, PLANS EARLY CLOSURE
IIFL FINANCE - CO'S NCD ISSUE TO CLOSE ON APRIL 11 DUE TO OVERSUBCRIPTION
Further company coverage: IIFL.NS
April 10 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE - CO'S NCD ISSUE OVERSUBSCRIBED 4.75 TIMES, PLANS EARLY CLOSURE
IIFL FINANCE - CO'S NCD ISSUE TO CLOSE ON APRIL 11 DUE TO OVERSUBCRIPTION
Further company coverage: IIFL.NS
India's gold loan firms pare losses after RBI says not looking to tighten lending rules
Updates
** Shares of Indian gold loan providers trim losses; Muthoot Finance MUTT.NS down 4.8%, IIFL Finance IIFL.NS down 2.5% and Manappuram Finance MNFL.NS dip 1.5%
** Reserve Bank Of India governor on Wednesday clarified that central bank is not looking to tighten gold loan rules
** In the monetary policy address on Wednesday, RBI chief had said that the central bank will issue comprehensive regulations on prudential norms and conduct-related aspects for gold loan providers
** MUTT fell as much as 12% after monetary policy speech, while IIFL lost as much as 8.3%
** Reuters reported last month that RBI plans to ask lenders to follow stricter underwriting processes for gold loans
** MUTT up 2.6% YTD, IIFL down 21% YTD.
** YTD, MNFL up 20%
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net/))
Updates
** Shares of Indian gold loan providers trim losses; Muthoot Finance MUTT.NS down 4.8%, IIFL Finance IIFL.NS down 2.5% and Manappuram Finance MNFL.NS dip 1.5%
** Reserve Bank Of India governor on Wednesday clarified that central bank is not looking to tighten gold loan rules
** In the monetary policy address on Wednesday, RBI chief had said that the central bank will issue comprehensive regulations on prudential norms and conduct-related aspects for gold loan providers
** MUTT fell as much as 12% after monetary policy speech, while IIFL lost as much as 8.3%
** Reuters reported last month that RBI plans to ask lenders to follow stricter underwriting processes for gold loans
** MUTT up 2.6% YTD, IIFL down 21% YTD.
** YTD, MNFL up 20%
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net/))
Indian shares may see $1.4 billion inflows as FTSE rejig comes into effect; ICICI Bank in focus
** Indian equities set for inflows of up to $1.4 billion on Friday as FTSE March semi-annual rebalancing to come into effect, per analysts
** ICICI Bank ICBK.NS will be the biggest beneficiary, to see inflows worth $426.9 million from weight increases by FTSE, MSCI and BSE, says IIFL
** Large inflows in ICBK due to merger between bank and ICICI Securities ICCI.NS, whose shares will trade for the last time on Friday
** ICCI shareholders to get 67 ICBK shares per 100 shares of ICCI
** Kotak Mahindra Bank KTKM.NS to see $146 million inflows as FTSE increases weight, says Nuvama
** FTSE adds 360 ONE WAM ONEW.NS, Bajaj Housing Finance BAJO.NS, BSE BSEL.NS and other stocks to FTSE All World Index
** Stocks that might see inflows due to FTSE rebalancing include Zomato ZOMT.NS, ITC Hotels ITCT.NS, Gland Pharma GLAD.NS and BAJO
(Reporting by Vivek Kumar M)
** Indian equities set for inflows of up to $1.4 billion on Friday as FTSE March semi-annual rebalancing to come into effect, per analysts
** ICICI Bank ICBK.NS will be the biggest beneficiary, to see inflows worth $426.9 million from weight increases by FTSE, MSCI and BSE, says IIFL
** Large inflows in ICBK due to merger between bank and ICICI Securities ICCI.NS, whose shares will trade for the last time on Friday
** ICCI shareholders to get 67 ICBK shares per 100 shares of ICCI
** Kotak Mahindra Bank KTKM.NS to see $146 million inflows as FTSE increases weight, says Nuvama
** FTSE adds 360 ONE WAM ONEW.NS, Bajaj Housing Finance BAJO.NS, BSE BSEL.NS and other stocks to FTSE All World Index
** Stocks that might see inflows due to FTSE rebalancing include Zomato ZOMT.NS, ITC Hotels ITCT.NS, Gland Pharma GLAD.NS and BAJO
(Reporting by Vivek Kumar M)
India New Issue-IIFL Finance accepts bids for 13-month bonds, bankers say
MUMBAI, March 19 (Reuters) - India's IIFL Finance IIFL.NS has accepted bids worth 4 billion rupees ($46.25 million) for bonds maturing in 13 months, three bankers said on Wednesday.
The company will pay an annual coupon of 9.90% and had invited bids from bankers and investors earlier in the day, they said.
The company did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on March 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IIFL Finance | 13 months | 9.90 | 4 | March 19 | AA (Crisil) |
IREDA | perpetual | 8.40 | 12.47 | March 19 | AA+ (Icra, India Rating) |
SIDBI | 5 years | 7.39 | 60 | March 19 | AAA (Crisil, Care) |
Hindustan Zinc | 3 years | 7.75 | 5 | March 19 | AAA (Crisil) |
NABARD | 3 year and 6 months | 7.48 | 70 | March 19 | AAA (Crisil, India rating) |
Bajaj Finance | 4 year and 11 months | 7.80 | 5.45 | March 18 | AAA (Crisil) |
NIIF Infra Finance | 7 year and 2 months | 7.93 | 6.83 | March 18 | AAA (Care, Icra) |
JSW Energy | 3 years | 8.75 | 3+1 | March 19 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 4 | March 19 | AA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.4830 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, March 19 (Reuters) - India's IIFL Finance IIFL.NS has accepted bids worth 4 billion rupees ($46.25 million) for bonds maturing in 13 months, three bankers said on Wednesday.
The company will pay an annual coupon of 9.90% and had invited bids from bankers and investors earlier in the day, they said.
The company did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on March 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IIFL Finance | 13 months | 9.90 | 4 | March 19 | AA (Crisil) |
IREDA | perpetual | 8.40 | 12.47 | March 19 | AA+ (Icra, India Rating) |
SIDBI | 5 years | 7.39 | 60 | March 19 | AAA (Crisil, Care) |
Hindustan Zinc | 3 years | 7.75 | 5 | March 19 | AAA (Crisil) |
NABARD | 3 year and 6 months | 7.48 | 70 | March 19 | AAA (Crisil, India rating) |
Bajaj Finance | 4 year and 11 months | 7.80 | 5.45 | March 18 | AAA (Crisil) |
NIIF Infra Finance | 7 year and 2 months | 7.93 | 6.83 | March 18 | AAA (Care, Icra) |
JSW Energy | 3 years | 8.75 | 3+1 | March 19 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 4 | March 19 | AA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.4830 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
Iifl Finance To Hold Meeting On March 13 To Approve NCD Issuance Terms
March 10 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - TO HOLD MEETING ON MARCH 13 TO APPROVE NCD ISSUANCE TERMS
Source text: ID:nBSE1YwhLd
Further company coverage: IIFL.NS
March 10 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - TO HOLD MEETING ON MARCH 13 TO APPROVE NCD ISSUANCE TERMS
Source text: ID:nBSE1YwhLd
Further company coverage: IIFL.NS
IIFL Finance Approves Terms For $1 Billion Global Medium Term Notes
March 4 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - APPROVES TERMS FOR $1 BILLION GLOBAL MEDIUM TERM NOTES
IIFL FINANCE LTD - NOTES TO BE ISSUED WITH SIZE OF $100 MILLION
Source text: ID:nNSE4DbS5K
Further company coverage: IIFL.NS
March 4 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE LTD - APPROVES TERMS FOR $1 BILLION GLOBAL MEDIUM TERM NOTES
IIFL FINANCE LTD - NOTES TO BE ISSUED WITH SIZE OF $100 MILLION
Source text: ID:nNSE4DbS5K
Further company coverage: IIFL.NS
IIFL Finance’S 9Mfy25 Results Show Asset Quality, Profit Challenges - Fitch Ratings
Feb 24 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE’S 9MFY25 RESULTS SHOW ASSET QUALITY, PROFIT CHALLENGES - FITCH RATINGS
FITCH RATINGS- WEAKENING LOAN QUALITY, NARROWER INTEREST SPREADS MAY CONTINUE TO CONSTRAIN IIFL FINANCE'S NEAR-TERM PERFORMANCE
FITCH RATINGS: EXPECT IIFL FINANCE'S FULL-YEAR EARNINGS TO BE SIGNIFICANTLY LOWER IN FY25 THAN IN FY24
FITCH RATINGS: IIFL'S FY25 EARNINGS TO BE LOWER DUE TO REDUCED NIMS, HIGHER CREDIT COSTS
FITCH RATINGS: TAX INVESTIGATION COULD PRESENT ADDITIONAL TAX LIABILITIES FOR IIFL FINANCE
Source text: [ID:]
Further company coverage: IIFL.NS
Feb 24 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE’S 9MFY25 RESULTS SHOW ASSET QUALITY, PROFIT CHALLENGES - FITCH RATINGS
FITCH RATINGS- WEAKENING LOAN QUALITY, NARROWER INTEREST SPREADS MAY CONTINUE TO CONSTRAIN IIFL FINANCE'S NEAR-TERM PERFORMANCE
FITCH RATINGS: EXPECT IIFL FINANCE'S FULL-YEAR EARNINGS TO BE SIGNIFICANTLY LOWER IN FY25 THAN IN FY24
FITCH RATINGS: IIFL'S FY25 EARNINGS TO BE LOWER DUE TO REDUCED NIMS, HIGHER CREDIT COSTS
FITCH RATINGS: TAX INVESTIGATION COULD PRESENT ADDITIONAL TAX LIABILITIES FOR IIFL FINANCE
Source text: [ID:]
Further company coverage: IIFL.NS
IIFL Finance Dec-Quarter Consol Net PAT 407 Mln Rupees
Feb 12 (Reuters) - IIFL Finance Ltd IIFL.NS:
DEC-QUARTER CONSOL NET PAT 407 MILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 24.43 BILLION RUPEES
RE-APPOINTS R VENKATARAMAN AS JOINT MANAGING DIRECTOR
Source text: ID:nNSEh8txC
Further company coverage: IIFL.NS
Feb 12 (Reuters) - IIFL Finance Ltd IIFL.NS:
DEC-QUARTER CONSOL NET PAT 407 MILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 24.43 BILLION RUPEES
RE-APPOINTS R VENKATARAMAN AS JOINT MANAGING DIRECTOR
Source text: ID:nNSEh8txC
Further company coverage: IIFL.NS
India's IIFL Finance, 360 One Wam, 5paisa gain on conclusion of tax searches
** IIFL Finance IIFL.NS rises 3.3%; wealth management firms 360 One Wam ONEW.NS and 5paisa Capital PAIS.NS gain 4.7% and 3.4%, respectively
** Income tax authorities have concluded searches at their premises, IIFL Finance, 360 One Wam and 5paisa Capital say
** IIFL rated "strong buy", ONEW rated "buy" on avg; PAIS not rated - LSEG
** YTD, ONEW's ~18% loss steepest among three; IIFL and PAIS down ~12% and ~15%, respectively
(Reporting by Hritam Mukherjee in Bengaluru)
** IIFL Finance IIFL.NS rises 3.3%; wealth management firms 360 One Wam ONEW.NS and 5paisa Capital PAIS.NS gain 4.7% and 3.4%, respectively
** Income tax authorities have concluded searches at their premises, IIFL Finance, 360 One Wam and 5paisa Capital say
** IIFL rated "strong buy", ONEW rated "buy" on avg; PAIS not rated - LSEG
** YTD, ONEW's ~18% loss steepest among three; IIFL and PAIS down ~12% and ~15%, respectively
(Reporting by Hritam Mukherjee in Bengaluru)
IIFL Finance Says Conclusion Of Search By Income Tax Department
Feb 4 (Reuters) - IIFL Finance Ltd IIFL.NS:
CONCLUSION OF SEARCH BY INCOME TAX DEPARTMENT
Source text: [ID:]
Further company coverage: IIFL.NS
Feb 4 (Reuters) - IIFL Finance Ltd IIFL.NS:
CONCLUSION OF SEARCH BY INCOME TAX DEPARTMENT
Source text: [ID:]
Further company coverage: IIFL.NS
IIFL Finance Says Income Tax Department Is Conducting Search At Co's Offices
Jan 29 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE - INCOME TAX DEPARTMENT IS CONDUCTING A SEARCH AT CO'S OFFICES
IIFL FINANCE -FINANCIAL IMPACT CANNOT BE ASCERTAINED AT THIS POINT
Source text: ID:nBSE9lzsl0
Further company coverage: IIFL.NS
Jan 29 (Reuters) - IIFL Finance Ltd IIFL.NS:
IIFL FINANCE - INCOME TAX DEPARTMENT IS CONDUCTING A SEARCH AT CO'S OFFICES
IIFL FINANCE -FINANCIAL IMPACT CANNOT BE ASCERTAINED AT THIS POINT
Source text: ID:nBSE9lzsl0
Further company coverage: IIFL.NS
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What does IIFL Finance do?
IIFL Finance Limited is a leading player in the Indian financial services sector, offering a diverse range of financial products with a focus on transparency and ethical practices for sustainable growth.
Who are the competitors of IIFL Finance?
IIFL Finance major competitors are Jaykay Enterprises, PNB Gilts, Hexa Tradex, GKW, Dhunseri Ventures, Oswal Greentech, IL&FS Investment Mgr. Market Cap of IIFL Finance is ₹19,753 Crs. While the median market cap of its peers are ₹994 Crs.
Is IIFL Finance financially stable compared to its competitors?
IIFL Finance seems to be less financially stable compared to its competitors. Altman Z score of IIFL Finance is 0.65 and is ranked 7 out of its 8 competitors.
Does IIFL Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. IIFL Finance latest dividend payout ratio is 8.65% and 3yr average dividend payout ratio is 9.4%
How has IIFL Finance allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is IIFL Finance balance sheet?
IIFL Finance balance sheet is weak and might have solvency issues
Is the profitablity of IIFL Finance improving?
The profit is oscillating. The profit of IIFL Finance is ₹1,817 Crs for TTM, ₹379 Crs for Mar 2025 and ₹1,764 Crs for Mar 2024.
Is the debt of IIFL Finance increasing or decreasing?
The net debt of IIFL Finance is decreasing. Latest net debt of IIFL Finance is -₹6,373.5 Crs as of Mar-26. This is less than Mar-25 when it was ₹42,718 Crs.
Is IIFL Finance stock expensive?
IIFL Finance is not expensive. Latest PE of IIFL Finance is 11.85, while 3 year average PE is 18.55. Also latest EV/EBITDA of IIFL Finance is 1.6 while 3yr average is 3.49.
Has the share price of IIFL Finance grown faster than its competition?
IIFL Finance has given lower returns compared to its competitors. IIFL Finance has grown at ~8.56% over the last 10yrs while peers have grown at a median rate of 10.89%
Is the promoter bullish about IIFL Finance?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in IIFL Finance is 24.85% and last quarter promoter holding is 24.85%.
Are mutual funds buying/selling IIFL Finance?
The mutual fund holding of IIFL Finance is decreasing. The current mutual fund holding in IIFL Finance is 4.22% while previous quarter holding is 6.57%.