NSE - Delayed Quote INR

IIFL Finance Limited (IIFL.NS)

323.30

-1.80

(-0.55%)

At close: April 11 at 3:30:02 PM GMT+5:30

India's IIFL Finance accepts $100 million in 2028 dollar bond reissue, sources say

India's IIFL Finance has accepted bids worth $100 million for the reissue of its 8.75% 2028 dollar-denominated bonds, two sources aware of the matter said on Tuesday. The non-banking finance company has finalised the deal at a yield of 8.35%. The company received bids worth around $430 million, the sources said, requesting anonymity as they are not authorised to speak to the media.

Reuters last month

IIFL.NS
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India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says

Earlier this month, IIFL Finance reported an 8% fall in loan assets under management to 714.10 billion rupees ($8.24 billion) for the first nine months of the fiscal year that ends in March. Nirmal Jain, managing director at IIFL, flagged a challenging quarter on asset quality stress in its microfinance segment, adding the gold loan segment faced pressure as the company struggled to regain customers. In March 2024, the Indian central bank ordered IIFL Finance to stop disbursing gold loans, citing "material supervisory concerns".

Reuters last month

IIFL.NS
-0.55%
IIFL Finance Ltd (BOM:532636) Q3 2025 Earnings Call Highlights: Navigating Profit Growth Amid ...

Despite a significant quarterly profit increase, IIFL Finance Ltd faces year-on-year declines and asset quality concerns.

GuruFocus.com last month

IIFL.NS
-0.55%
Top Growth Companies With Strong Insider Ownership October 2024

As global markets navigate the pressures of rising U.S. Treasury yields and a cautious Federal Reserve approach, growth stocks have shown resilience, particularly within the tech-heavy Nasdaq Composite Index. In this environment, companies with strong insider ownership often signal confidence in their long-term potential, making them attractive considerations for investors seeking growth opportunities amid broader market fluctuations.

Simply Wall St. 5 months ago

IIFL.BO

IIFL.NS
-0.55%
IIFL Finance Ltd (BOM:532636) Q2 2025 Earnings Call Highlights: Navigating Challenges and ...

Despite a net loss due to exceptional items, IIFL Finance Ltd (BOM:532636) shows resilience with strong operational performance and strategic growth plans.

GuruFocus.com 5 months ago

IIFL.NS
-0.55%
Fresh off a cenbank ban, India's IIFL Finance plans $1.2 billion fundraise via bonds, official says

India's IIFL Finance plans to raise 100 billion rupees($1.20 billion) via debt in the next six months and diversify both its borrowing sources and business, a top official said on Tuesday, as the non-bank lender looks to recover from a recent ban. "As business picks up again, we will have to reassess our requirement for funds," Nirmal Jain, founder and managing director, told Reuters in an interview. Besides rupee-denominated debt, IIFL Finance will also explore the dollar-bond route and go for a public issue of bonds "at some point" later this financial year, Jain said.

Reuters 6 months ago

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India's IIFL Finance says cenbank lifts curbs on its gold loan business

IIFL Finance said on Thursday that India's central bank has lifted the restrictions on the company's gold loan business, in what would be the removal of a key overhang on the lender. The Reserve Bank of India (RBI) in March ordered the company to stop offering gold loans, citing supervisory concerns in its gold loans portfolio. Gold loans under the company's management accounted for 30% of its total assets in fiscal-ended March 2024.

Reuters 6 months ago

IIFL.NS
-0.55%
India's IIFL Finance facing a liquidity crunch after gold loan business curbs, sources say

MUMBAI (Reuters) -India's IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender's gold loan business, a senior official and two bankers told Reuters. Banks have stopped lending to IIFL Finance's gold and other businesses, the official said, adding that the impact of the curbs on the overall business is likely to be around 5 billion rupees ($60 million). IIFL Finance did not immediately respond to a Reuters' email seeking comment.

Reuters 11 months ago

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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 11 months ago

IIFL.NS
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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 11 months ago

IIFL.NS
-0.55%

Performance Overview

Return	IIFL.NS	S&P BSE SENSEX (^BSESN)
YTD	-21.81%	-3.82%
1-Year	-25.87%	+0.16%
3-Year	-6.23%	+27.46%

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IIFL Finance Limited (IIFL.NS)

India's IIFL Finance accepts $100 million in 2028 dollar bond reissue, sources say

India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says

IIFL Finance Ltd (BOM:532636) Q3 2025 Earnings Call Highlights: Navigating Profit Growth Amid ...

Top Growth Companies With Strong Insider Ownership October 2024

IIFL Finance Ltd (BOM:532636) Q2 2025 Earnings Call Highlights: Navigating Challenges and ...

Fresh off a cenbank ban, India's IIFL Finance plans $1.2 billion fundraise via bonds, official says

India's IIFL Finance says cenbank lifts curbs on its gold loan business

India's IIFL Finance facing a liquidity crunch after gold loan business curbs, sources say

IIFL Finance's cenbank-directed audit starts after March gold loan ban

India's IIFL Finance to raise $152 million via share sale amid ban on gold loans

Performance Overview