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IIFL Finance Limited (IIFL.NS)

401.50

+2.35

+(0.59%)

As of 12:27:02 PM GMT+5:30. Market Open.

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. 2 months ago

IIFL.BO

IIFL.NS
+0.59%
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 2 months ago

IIFL.NS
+0.59%
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 3 months ago

IIFL.NS
+0.59%
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 3 months ago

IIFL.NS
+0.59%
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 8 months ago

IIFL.NS
+0.59%
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 8 months ago

IIFL.NS
+0.59%
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 8 months ago

IIFL.NS
+0.59%
UPDATE 1-India's IIFL Finance to raise up to $242 mln via share, debenture issues

IIFL Finance said on Wednesday it would raise funds of up to 20 billion rupees ($241.5 million) as the non-bank lender looks to shore up capital after India's central bank barred it from offering gold loans. The company will raise 15 billion rupees through the issue of shares on a rights basis and five billion rupees through the issue of non-convertible debentures via a private placement, it said in an exchange filing. The Reserve Bank of India (RBI) earlier this month ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing "material supervisory concerns" in its gold loan portfolio, causing a meltdown in the lender's stock.

Reuters 10 months ago

IIFL.NS
+0.59%
India's IIFL Finance to raise up to $242 million via share, debenture issues

BENGALURU (Reuters) -IIFL Finance said on Wednesday it would raise funds of up to 20 billion rupees ($241.5 million) as the non-bank lender looks to shore up capital after India's central bank barred it from offering gold loans. The company will raise 15 billion rupees through the issue of shares on a rights basis and five billion rupees through the issue of non-convertible debentures via a private placement, it said in an exchange filing. The Reserve Bank of India (RBI) earlier this month ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing "material supervisory concerns" in its gold loan portfolio, causing a meltdown in the lender's stock.

Reuters 10 months ago

IIFL.NS
+0.59%
India's IIFL Finance to consider fundraise after cenbank clampdown

India's IIFL Finance said on Thursday that it will consider raising of funds on March 13, as the non-bank lender attempts to shore up capital days after the country's central bank barred it from offering gold loans. The company's board will consider raising funds through the issuance of a range of securities, including equity shares or convertible bonds or debentures or warrants, by way of rights issue, private placement, preferential issue or any other methods, it said in an exchange filing. The proposal comes a day after top shareholder Fairfax India agreed to provide up to $200 million in liquidity support to IIFL Finance, assuaging liquidity concerns among investors and lenders after the Reserve Bank of India's direction.

Reuters 10 months ago

IIFL.NS
+0.59%
UPDATE 1-India's IIFL Finance to receive $200 mln liquidity support from Fairfax after RBI ban

India's IIFL Finance said on Wednesday that top shareholder Fairfax India has agreed to provide up to $200 million in liquidity support to the company, days after the country's central bank barred the firm from disbursing gold loans, raising liquidity concerns among investors and lenders. "We have been long-term investors in the IIFL group of companies and have full trust and confidence in the company's strong management team led by Nirmal Jain and R Venkataraman," said Prem Watsa, chairman of Fairfax India, which holds an around 15% stake in IIFL Finance.

Reuters 10 months ago

IIFL.NS
+0.59%
India's IIFL Finance plunges after cenbank ban on offering gold loans

BENGALURU (Reuters) -India's IIFL Finance sank 20% on Tuesday after the country's central bank barred the non-banking finance company from offering gold loans, raising concerns about the action's impact on one of the company's largest earning assets. The Reserve Bank of India (RBI) late on Monday flagged "serious deviations" in assessing the gold taken as collateral, breaches in the maximum permitted loan-to-value ratio, and a lack of transparency in charges levied to customers. IIFL Finance's shares were at the bottom of an exchange-imposed trading band and were set for their worst session since October 2008.

Reuters 10 months ago

IIFL.NS
+0.59%
India central bank bars IIFL Finance from offering gold loans

BENGALURU/MUMBAI (Reuters) -India's central bank on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio. There were "serious deviations" in assessing the gold taken as collateral and breaches in the maximum permitted loan-to-value ratio, the Reserve Bank of India (RBI) said in a statement, citing findings from an inspection carried out on the company's financial position as on March 31, 2023. The RBI also found that IIFL Finance made significant disbursals and used cash collections more than permitted, and there was a lack of transparency in the charges levied to customer accounts.

Reuters 10 months ago

IIFL.NS
+0.59%

Performance Overview

Return	IIFL.NS	S&P BSE SENSEX
YTD	-2.78%	-1.34%
1-Year	-38.37%	+7.70%
3-Year	+34.31%	+28.46%

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IIFL Finance Limited (IIFL.NS)

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

UPDATE 1-India's IIFL Finance to raise up to $242 mln via share, debenture issues

India's IIFL Finance to raise up to $242 million via share, debenture issues

India's IIFL Finance to consider fundraise after cenbank clampdown

UPDATE 1-India's IIFL Finance to receive $200 mln liquidity support from Fairfax after RBI ban

India's IIFL Finance plunges after cenbank ban on offering gold loans

India central bank bars IIFL Finance from offering gold loans

Performance Overview